Biden signs bill boosting Social Security payments for millions
abcnews.go.com
President Joe Biden is set to sign into law a measure that boosts Social Security payments for current and former public employees

Summary

President Biden will sign the Social Security Fairness Act, boosting payments for nearly 3 million public service retirees by eliminating the Windfall Elimination Provision and Government Pension Offset.

The changes will increase benefits by an average of $360–$1,190 monthly, including backdated payments starting January 2024.

Advocates call it a historic victory for educators, firefighters, and others, correcting a 40-year inequity.

While some Republicans supported the legislation, others argued it was unsustainable and would hasten the program’s insolvency.

  • UnderpantsWeevil@lemmy.worldEnglish
    5·
    2 days ago

    Thank goodness these boomers are getting more money.

    My mother-in-law worked 20 years as a teacher, then got her pension plundered by the state of Texas. She moved to another job, but because she was enrolled in the teacher’s pension, SS wouldn’t fully recognize her contributions for the rest of her career. I’m actually really happy she’s getting full SS benefits now, because it means she’s not suddenly bankrupt in her 70s or 80s and fully reliant on our family for her financial survival.