The Biggest Social Security Change in Years Was Just Signed Into Law. How Will It Affect You?
Social Security has often been called the "third rail" of American politics. This saying stems from the high-voltage third rail in some railway systems, which is extremely dangerous to touch. The thought was that it was politically dangerous for any politician to touch Social Security.
The Social Security Fairness Act Is Law. Here's What Advisors Should Do Now.
Share the good news, but warn affected clients that benefit increases or back-payment checks won't come immediately.
Biden signs Social Security Fairness Act into law: What to know
President Biden signed legislation into law over the weekend to expand Social Security benefits for droves of Americans. The measure, dubbed the Social Security Fairness Act, repeals two tax rules that proponents say have unfairly reduced benefits for many Americans who also receive government pensions.
Biden Signs Social Security Law That Boosts Benefits For Public Sector Retirees
Key Takeaways President Joe Biden signed the Social Security Fairness Act into law on Sunday after the Senate passed the bill with bipartisan support in December.The new law eliminates two provisions—the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO)—that reduced Social Security benefits for public sector workers who
Social Security Fairness Act Explained: What Changes Does It Bring?
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.
Social Security Fairness Act signed into law by Biden, enhancing retirement benefits for millions
New law means police officers, teachers and others with public pensions will now collect their full Social Security benefits.
The Social Security Fairness Act: New law is a $200 billion boondoggle
For the past half-century, union officials representing these groups have been pressuring Congress to eliminate WEP because they wrongly think the law cheats their members out of Social Security benefits they are due. In each of those years, a bill to eliminate WEP has failed to get approved.
Biden signs Social Security changes into law, millions will see a bump in monthly benefits
The Social Security Fairness Act eliminates a pair of decades-old provisions that limit payments to public sector retirees.
Social Security Fairness Act signed into law, restoring benefits for over 50,000 Georgians
A previous law from the 1980s has prevented many workers with public service jobs from being able to receive Social Security benefits, despite paying into the system.
New law could boost Social Security checks for thousands of retired California teachers
The Social Security Fairness Act, signed by President Joe Biden on Sunday, will increase retirement benefits for many educators and other public sector workers, including nearly 290,000 in California.
Biden signs bill to boost Social Security payments for some public sector workers
The Social Security Fairness Act eliminates two provisions that reduced Social Security benefits for some retirees who also received pension income.
Social Security Update: Recipients to Get $4,320 in Backdated Payments
The Social Security Fairness Act is now law, and a year of backdated payments await nearly 3 million Americans.
About 400,000 Californians due bigger Social Security payments under new federal law
About 400,000 California Social Security recipients should be eligible for new Social Security benefits — retroactive to ...