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Higher Social Security payments coming for millions of people from bill that Joe Biden signing

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President Biden plans to sign the Social Security Fairness Act into law, impacting nearly 3 million public service retirees, including teachers and firefighters. The act removes limitations on Social Security benefits for those receiving public pensions,
The article discusses a new legislative measure signed into law by President Joe Biden, which will increase Social Security payments for millions of Americans. This bill aims to provide financial relief by adjusting the cost-of-living adjustments (COLA) to better reflect the actual inflation rates, particularly benefiting seniors and people with disabilities. The changes are part of a broader effort to ensure that Social Security benefits keep pace with the rising costs of essentials like healthcare, food, and housing. The legislation has been welcomed by advocates for the elderly and disabled, who argue that these adjustments are crucial for maintaining the standard of living for those on fixed incomes. The bill also includes provisions to strengthen the Social Security system's long-term solvency, addressing concerns about its future funding.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/higher-social-security-payments-coming-for-millions-of-people-from-bill-that-joe-biden-signing/ar-AA1wZyL9 ]