Joe Biden, Social Security

biden signs Social Security Fairness Act
President Joe Biden recently signed the Social Security Fairness Act into law. This new legislation will have a big impact on retired teachers and other public sector workers. The law repeals two rules that have been in place for decades: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
A Big Social Security Change Just Signed by President Biden Comes With Bad News for Retirees
The Social Security Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement, spousal, and survivors benefits. Before President Biden signed the Social Security Fairness Act into law, the OASI Trust Fund was expected to be insolvent by 2033, at which point only 79% of scheduled benefits would have been payable.
President Biden signs Social Security Fairness Act, one of the last bills of his presidency
President Biden signs the Social Security Fairness Act, reversing unfair provisions and boosting benefits for millions of current and retired public service workers.
Biden signed a big Social Security change into law — are you affected? Here's what you can do if it impacts you
U.S. President Joe Biden signed the Social Security Fairness Act into law on Jan. 5., increasing the ability of retired public service workers who receive pensions to access Social Security benefits.
2.8 Million Americans Are Owed Back Social Security Benefits. Will You Get Yours Anytime Soon?
It has nothing to do with Social Security's funding crisis. Instead, the Social Security Fairness Act will increase benefits for 2.8 million Americans that some say have had their checks unfairly reduced over the years. As a result, these seniors are now entitled to back pay. Here's what we know so far.
A $196 Billion Giveaway? Critics Decry The New Social Security 'Fairness' Act
The Congressional Budget Office (CBO) estimates the repeal will cost taxpayers $196 billion over the next decade, plus an additional $37 billion in interest payments. The Social Security Trust Fund is projected to run out by 2033, a date which could be moved up six months without further reform to the program.
Social Security Fairness Act opens access to benefits for public employees
According to a news release by U.S. Senator Bill Cassidy, the Social Security Fairness Act ensures that public sector workers and their families in Louisiana will receive their full Social Security benefit.
Good news for Social Security beneficiaries, this is the last major measure approved by Biden
President Biden signed the Social Security Fairness Act into law earlier this month, marking the administration’s final major effort on Social Security refo
(Many) retired teachers are getting a raise thanks to the Social Security Fairness Act
Massachusetts teachers and other public sector employees who qualify for Social Security benefits through covered work will receive a higher benefit once the new rules go into effect.
The 2025 Social Security Benefits boost for retirees: Who gets it?
This week, a select group of Social Security retirees in the United States will see their monthly payments rise to $5,000. Millions of beneficiaries will also experience a significant increase in their income,
Social Security benefits to rise in 2025
Social Security is set to undergo several changes in 2025 that will impact millions of Americans. The average payment will increase by 2.5% due to a Cost of Living Adjustment (COLA). While this is a modest boost,
Social Security benefits increased by 2.5% in 2025. Why retirees may feel it's not enough
The Social Security cost-of-living adjustment for 2025 is the lowest since the post-Covid inflation spike. Yet retirees still ...
I’m a Finance Expert: Here’s What Social Security Reform Should Look Like
President Joe Biden recently signed the Social Security Fairness Act, which eliminated the Government Pension Offset and Windfall Elimination Provision rules. Biden touted the bill as a way ...