In April, the Social Security Administration begins increasing monthly benefit payments to more than 3.2 million people affected by the repeal of the Windfall Elimination Provision and Government Pension Offset. "The impact could be huge," said George Pikounis, financial advisor at Burns Estate Planning in Tallahassee, Florida, in an email.

The Social Security Fairness Act is transforming the financial landscape for over a million public workers, with retroactive payments and increased monthly benefits.

While many have already received their payments, millions more are still waiting as the SSA continues processing remaining retroactive payments.