Social Security Fairness Act’s boosted payments may be a year away
Social Security beneficiaries who stood to see a boost in payouts as the result of a law approved earlier this month may have to wait a little longer than expected for higher payments. Under
The Social Security Fairness Act is a terrible piece of legislation — here’s how to fix the problem
The Social Security Fairness Act, signed by then-President Biden on Jan. 5, is a terrible piece of legislation. It simply gives away money to some state and local workers — those who will now benefit unfairly from the progressivity of the system’s benefit formula and from benefits designed for nonworking spouses.
The New Social Security Law May Boost Your Benefits—What One Expert Wants You To Know
Investopedia spoke with Isabel Barrow at Edelman Financial Engines to discuss the changes the new Social Security Fairness Law will bring and the impact it could have on retirees.
What you need to know about the Social Security Fairness Act
On January 5, 2025, the Social Security Fairness Act was signed into law, marking a major reform for public sector workers, including firefighters, police officers and teachers. This law eliminates two controversial provisions – the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) — providing fairer Social Security benefits to millions.
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: Will You Qualify for Back Payments?
The Social Security Fairness Act repeals two provisions that will give qualifying individuals more money and potential back payments. Here's what you should know.
(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.
How the Social Security Fairness Act could affect you
Sterling Wealth Management's Sharon Allen and Daly Andersson answer Jana Wiersema's questions about the impact of the new Social Security Fairness Act.
Social Security Fairness Act: What Will Happen to Your Benefits Now That It’s Become Law?
The Social Security Fairness Act (SSFA), which was recently signed into law by President Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from
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Social Security's WEP and GPO: How do they affect you and what can you expect?
Two key provisions, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), have historically ...
What you need to know about Social Security changes
Millions of retired Americans are set to benefit, but there are concerns the program could run out of funds sooner.
Liz Weston: Government pension offset changes to Social Security are coming, but will take time
Those who applied for Social Security and were denied due to government pension offset rule or windfall elimination provision ...