After decades of advocacy, public sector workers celebrate the repeal of laws that cut their Social Security benefits, thanks to the newly signed Social Security Fairness Act.
President Joe Biden signed off on the biggest changes to the Social Security Act in decades on Sunday, which will benefit millions of public sector retirees.
Because Social Security runs on a progressive benefits formula ... be able to retire with economic security and dignity.” According to the Congressional Research Service, more than 2 million beneficiaries were affected by the WEP as of December 2023.
According to the Congressional Research Service, most state and local government workers (and all federal workers hired in 1984 or later) are in jobs covered by Social Security. Pensioners who worked in covered employment in their government jobs will not ...
While the WEP reduces benefits for retired or disabled pension workers who have fewer than 30 years of significant earnings from employment covered by Social Security, the GPO targets the spouses of pension workers. The Congressional Research Service (CRS ...
While all Social Security beneficiaries will get a boost to benefits in 2025, certain pensioners are also expected to see a notable change to benefit rules.
About 400,000 California Social Security recipients should be eligible for new Social Security benefits — retroactive to December 2023 — under legislation signed into law this week by President Joe Biden.
Like most elected officials, Donald Trump recognizes that Social Security is vital to the financial well-being of our nation's retirees. But he's not oblivious to the fact that altering Social Security comes with potentially negative ramifications. While speaking at the Conservative Political Action Conference in March 2013, Trump said:
The Social Security Fairness Act was signed into law on Jan. 5 following years of lobbying efforts. Why policy experts are not happy about the change.
Undocumented workers often pay taxes that help fund programs like Social Security — even if they can’t collect from them in the future.
Millions of workers could see increased benefits if the bill passes the Senate after receiving bipartisan support in the House.