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The chamber approved House Resolution 82, the Social Security Fairness Act, by a 327-76 margin, with 191 Democrats and 136 Republicans voting in favor. ... the bill would eliminate the Windfall ...
The Windfall Elimination Provision affects people who qualify for Social Security benefits through their job but also receive a pension from another job where they didn't pay into Social Security.
About 2.1 million people, or about 3% of all beneficiaries, were affected by the Windfall Elimination Provision. The Congressional Budget Office estimated in September that eliminating the Windfall Elimination Provision would boost monthly payments to the affected beneficiaries by an average of $360 by December 2025. Ending the Government ...
The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out.
The Social Security Fairness Act is a United States law that repealed the Social Security Government Pension Offset and Windfall Elimination Provision. [1] The bill passed the House in November 2024 and then passed the Senate in December. [2] It was signed into law by President Biden on January 5, 2025. [3]
Opponents of this bill, such as the Committee for a Responsible Federal Budget, stated that this would hasten the point where Social Security payouts exceed taxes by six months. [13] Others state that repealing the WEP would reintroduce the ability of a windfall to be generated by higher-paid long-time public sector workers who work for a short ...
The bill could also jeopardize the Social Security fund overall, critics say. Sen. Thom Tillis, R-N.C., said the Social Security trust fund is less than 10 years away from being insolvent, and ...
Social security benefits were reduced by two-thirds of the non-covered government pension amount. [1] Note this is not two-thirds of the Social Security benefit; for example, a $600 non-covered pension benefit would reduce Social Security spousal benefits by $400, regardless of whether the spouse was entitled to $500 or $1000 on the Social Security record of the number holder.