India, July 15 -- The Social Security Administration (SSA) is tasked with doling out monthly payments in support of dependent beneficiaries. Multiple publications have claimed that the beneficiaries could soon receive a "$16,728 bonus" annually.

Although no additional payment has officially been authorized by the SSA, what these publications mean to say is that beneficiaries could receive an increment of this amount in their benefits if they were to adopt certain means. Hence, this amount is not a guaranteed increment promised by the SSA but rather represents the possibility of what beneficiaries could be claiming.

Social Security benefits are usually calculated based on the beneficiary's 35 highest-earning years. If a beneficiary works...