WASHINGTON — President Joe Biden on Sunday signed into law a measure that boosts Social Security payments for current and former public employees, affecting nearly 3 million people who receive pensions from their time as teachers, firefighters, police officers and in other public service jobs. [time-brightcove not-tgx=”true”] Advocates say the Social Security Fairness Act rights a decades-old disparity, though it will also put strain on Social Security Trust Funds, which face a looming insolvency crisis. The bill rescinds two provisions—the Windfall Elimination Provision and the Government Pension Offset—that limit Social Security benefits for recipients if they get retirement payments from other sources, including public retirement programs from a state or local government. “The bill I’m signing today is about a simple proposition: Americans who have worked hard all their life to earn an honest living should be able to retire with economic security and dignity—that’s the entire purpose of the Social Security system,” Biden said during a signing ceremony in the White House East Room. “This is a big deal,” he said. Biden was joined by labor leaders, retirement advocates, and Democratic and Republican lawmakers including the legislation’s primary sponsors, Maine Republican Sen.
Biden Signs Bill To Raise Social Security Payments For Millions Of Pensioners
Fatima Hussein / AP, Time
Sun, 01/05/2025 - 7:00pm
Topics: washington president joe biden advocates social security trust funds ldquo;the i&rsquo white house east room ldquo;this maine republican sen susan collins ohio democratic sen sherrod brown the congressional research service the congressional budget office estimated september cbo the security&rsquo january edward kelly international association fire fighters the iaff ldquo;now november lee saunders american federation state county municipal employees ldquo;over national education association president becky pringle republicans sens john thune south dakota rand paul kentucky thom tillis north carolina the associated press medicare butch lewis act mdash;associated press stephen groves biden social security social social security fairness act windfall elimination provision government pension offset the democratic republican collins ohio brown congress december social security administration bill benefits people law million retirement including firefighters average workers retirees affected spouses increase beneficiaries benefit surviving program’s measure recipients lives receive time pensions signed insolvency report ceremony lowest level finally policy union labor paid years monthly change amounts signing primary living
BING NEWS:
- Biden signs bill expanding Social Security to millions
President Biden signed a bill Sunday that expands Social Security retirement payments for those who also collect pensions, like public sector workers.
01/5/2025 - 2:27 pm | View Link - Biden signs Social Security bill that enhances benefits for millions
President Biden on Sunday signed legislation expanding Social Security benefits for millions of retired Americans, including firefighters, police officers and teachers."Americans who have worked hard ...
01/5/2025 - 2:11 pm | View Link - Biden signs Social Security Fairness Act
President Joe Biden signed a bill Sunday that will raise Social Security benefits for millions of current and former public employees, potentially affecting millions of Americans.
01/5/2025 - 1:39 pm | View Link - Biden Signs Bill to Raise Social Security Payments for Millions of Pensioners
Advocates say the Social Security Fairness Act rights a decades-old disparity, though it will also put strain on Social Security Trust Funds, which face a looming insolvency crisis.
01/5/2025 - 1:00 pm | View Link - Biden signs bill to increase Social Security benefits for millions of people
President Biden on Sunday signed into law a measure that boosts Social Security payments for current and former public employees, affecting nearly 3 million people who receive pensions from their time ...
01/5/2025 - 11:02 am | View Link - More
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