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Social Security Fairness Act: More Money and Back Payments for Qualifying Recipients

The repeal of two provisions will boost Social Security payments for certain beneficiaries, and will include back payments. Here's what we know so far.
The Social Security Fairness Act, reintroduced in Congress, aims to repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which currently reduce or eliminate Social Security benefits for many public sector workers like teachers, firefighters, and police officers. These provisions were designed to adjust benefits for those who receive pensions from jobs not covered by Social Security, but critics argue they unfairly penalize workers who have paid into the system. If passed, the Act would not only increase monthly benefits for affected retirees but also provide back payments for those impacted by WEP and GPO. The bill has garnered bipartisan support, with over half of the House of Representatives as co-sponsors, reflecting a broad consensus on the need to address these long-standing issues in Social Security policy. However, its passage into law remains uncertain due to the complexities of Social Security reform and budget considerations.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/the-social-security-fairness-act-more-money-and-back-payments-for-qualifying-recipients/ar-AA1x3Gfx ]