Biden Signs Social Security Fairness Act: When Do Higher Payments Start?

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Biden Signs Social Security Fairness Act: When Do Higher Payments Start?

//politics-government.news-articles.net/content/ .. -fairness-act-when-do-higher-payments-start.html

Published in Politics and Government on Sunday, January 5th 2025 at 20:20 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

For decades, Americans have seen lower Social Security checks if they fall into the circumstances under the WEP and GPO.

President Joe Biden signed the Social Security Fairness Act into law, which aims to eliminate the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These provisions previously reduced Social Security benefits for certain public sector workers, like teachers, police officers, and firefighters, who also earned pensions from jobs not covered by Social Security. The new law will ensure that these workers receive their full Social Security benefits without reductions. However, the changes will not take effect immediately; the increased payments are scheduled to begin in December 2025, with the first checks reflecting the new rates arriving in January 2026. This legislative change is expected to benefit approximately 2.8 million people, providing them with an average increase of $100 per month in their Social Security payments.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/news/politics/biden-signs-social-security-fairness-act-when-do-higher-payments-start/ar-AA1x0rvy ]

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