Social Security Fairness Act: What It Is and Will It Pass

Politics and Government Politics and Government

Tue, December 10, 2024

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Social Security Fairness Act: What It Is and Will It Pass

^{Published on 2024-12-10 17:01:45 - MSN}

Some people don't receive all their Social Security benefits, even though they paid into the system. A bill would change that.

The Social Security Fairness Act, as discussed in the MSN article, 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, police officers, and firefighters who also receive pensions from non-Social Security covered employment. These provisions were intended to prevent what was seen as a "windfall" for workers who had pensions from jobs not covered by Social Security, but critics argue they unfairly penalize public servants. The Act has garnered significant bipartisan support in Congress, with over 300 co-sponsors in the House and 50 in the Senate, reflecting a broad consensus on the need for reform. However, despite this support, the bill's passage remains uncertain due to the complexities of legislative processes, budget considerations, and differing views on how to address Social Security's long-term solvency. The article highlights the ongoing debate and the potential implications for millions of retirees if the Act were to pass.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/social-security-fairness-act-what-it-is-and-will-it-pass/ar-AA1vCxlM ]

N@N

Social Security Fairness Act: What It Is and Will It Pass