The Social Security Fairness Act is a proposed US law aiming to abolish the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP). These provisions currently reduce Social Security benefits for certain public sector employees, including teachers, firefighters, and police officers, who also receive government pensions. The GPO affects spouses or survivors who receive government pensions, while the WEP affects individuals who worked in both Social Security-covered and non-covered government employment. Proponents of the bill argue that these provisions unfairly penalize public servants, while opponents express concerns about the financial impact of the repeal on the Social Security system. The Social Security Fairness Act has garnered bipartisan support, passing in the House in November 2024 and in the Senate in December of the same year, marking a significant step towards its potential enactment.
SSA beneficiaries are receiving surprise $6K payments. Some retirees will see a benefit bump next month. COLA updates for 2025 may not meet expectations, impacting retirees.
In 1983, due to concerns about the Social Security system's financial stability, Congress passed the Social Security Amendments of 1983. This legislation introduced the Windfall Elimination Provision, impacting the benefit calculations for federal government employees, railroad workers, non-profit workers, and teachers.
Starting in December 2023, the amendments introduced by the Social Security Fairness Act, specifically those related to monthly insurance benefits (title II of the Social Security Act), are scheduled to become effective. The Commissioner of Social Security is tasked with adjusting primary insurance amounts to accommodate these changes.
In 2023, the proposed legislation was officially named the "Social Security Fairness Act of 2023".
As of May 1, 2024, an unspecified event related to the Social Security Fairness Act occurred. Further information is needed to provide a title and detailed description.
In November 2024, the Social Security Fairness Act, aiming to repeal the Government Pension Offset and Windfall Elimination Provision, was passed by the House.
23 minutes ago John Leguizamo Hints at 'Encanto' Sequel Focusing on Bruno, Disney's Development
24 minutes ago Casper Ruud reflects on Masters 1000 journey and looks forward to future.
24 minutes ago Jay Ellis and Stephanie Nur to star in 'Duke & Roya' Off-Broadway.
1 hour ago Giants Ink Lil'Jordan Humphrey: Wide Receiver Signs One-Year Deal with New York.
1 hour ago Parker McCollum Announces Concert Dates: Grand Forks, Casper, and Lubbock Shows
1 hour ago Brooke Shields Shares Amusing Anecdote About Interrupting George and Barbara Bush
1 hour ago Andrew Scott Delivers Stunning Solo 'Vanya' Performance: A Melancholy, Hilarious, and Sexy Triumph.
2 hours ago Michael Urie's bond with America Ferrera, Daniels joins 'Shrinking' Season 3 cast.
2 hours ago Carnival's Profit Forecast Soars Amidst Cruise Demand; Investment Grade on Horizon
2 hours ago Andrew Burnap discusses 'Snow White' amidst controversy surrounding Disney's remake and public reaction.
LeBron James nicknamed King James is an American professional basketball...
Voice of America VOA is the U S government's international...
Simone Biles is an American artistic gymnast renowned as the...
Ben Folds is an American singer-songwriter and pianist known for...
An autopen is a mechanical device that automates the signing...
Michael Jordan also known as MJ is an American businessman...
Pam Bondi is an American attorney lobbyist and politician She...
Chuck Schumer is a prominent American politician serving as the...
Sarah McBride is an American politician and activist currently serving...
Fox News Channel FNC is a U S -based multinational...