President Joe Biden on Sunday signed a measure that boosts Social Security payments for current and former public employees, affecting nearly 3 million people who receive pensions from their time

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.

President Joe Biden signed the Social Security Fairness Act into law, repealing old provisions that reduced the amount of Social Security retirement benefits for public sector workers who receive pensions.

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 ...

The Social Security Fairness Act eliminates a pair of decades-old provisions that limit payments to public sector retirees.

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 ...

The new law is expected to hasten Social Security’s insolvency date by about half a year and reduce lifetime benefits by $25,000 for many couples

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.

President Joe Biden on Sunday signed into law a measure that boosts Social Security payments for current and former public employees, affecting nearly 3 million people who receive pensions from their time as teachers,

The Congressional Research Service estimated that in December 2023, there were 745,679 people, about 1% of all Social Security beneficiaries, who had their benefits reduced by the Government ...

Undocumented workers often pay taxes that help fund programs like Social Security — even if they can’t collect from them in the future.