History of Social Security Fairness Act in Timeline
The Social Security Fairness Act repeals the Government Pension Offset (GPO) and Windfall Elimination Provision (WEP) of Social Security in the United States. This legislation, aimed at addressing perceived inequities in how Social Security benefits are calculated for individuals who also receive government pensions, passed both the House and Senate in late 2024. President Biden signed the bill into law on January 5, 2025, marking a significant change in Social Security benefit calculations for affected individuals.
1983: Social Security Amendments of 1983 Passed
In 1983, Congress passed the Social Security Amendments of 1983, establishing the Windfall Elimination Provision due to concerns about the system's financial stability.
December 2023: Amendments Effective
In December 2023, amendments to the Social Security Act were applied to monthly insurance benefits under title II, with the Commissioner of Social Security adjusting primary insurance amounts as necessary.
2023: Social Security Fairness Act of 2023
In 2023, the Act was named the 'Social Security Fairness Act of 2023'.
November 2024: House Passed the Bill
In November 2024, the Social Security Fairness Act passed in the House.
December 2024: Final Passage of the Bill
In December 2024, the Social Security Fairness Act achieved its final passage after multiple introductions in various Congresses.
January 5, 2025: Bill Signed Into Law
On January 5, 2025, President Biden signed the Social Security Fairness Act into law.
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