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The Social Security Fairness Act (SSFA), which was recently signed into law on Jan. 5, by President Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income ...
President Biden signed legislation into law over the weekend to expand Social Security benefits for droves of Americans. The measure, dubbed the Social Security Fairness Act, repeals two tax rules ...
This includes many state and local government employees, such as teachers, postal workers, and police officers. You generally only need to work and pay Social Security taxes for 10 years to ...
Decades in the making, the bill would repeal two federal policies — the Windfall Elimination Provision and the Government Pension Offset — that currently limit Social Security payouts for roughly 2.8 million people, according to reports from the Congressional Research Service.
President Joe Biden signed a bill Sunday that boosts Social Security benefits for millions of public sector workers in what the White House described as the first expansion of such benefits in 20 ...
The purpose of these two 1980s-era programs was "so that there was no way you could 'double dip' into both a federal pension and Social Security," explains Jill Schlesinger, CBS News business analyst.
Before Biden signed the bill, the WEP reduced Social Security for those who earned “non-covered” pension income (which includes pensions from state and local governments, as well as non-U.S ...
The Congressional Research Service estimated that in December 2023, there were 745,679 people, about 1% of all Social Security beneficiaries, who had their benefits reduced by the Government ...