Biden Signs Social Security Fairness Act, Granting $4,320 in Backdated Payments - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
Contact Phone:
Politics

Biden Signs Social Security Fairness Act, Granting $4,320 in Backdated Payments

share-iconTuesday, January 07 comment-icon2 weeks ago 7 views
News sources:
newsweekNEWSWEEK
Biden Signs Social Security Fairness Act, Granting $4,320 in Backdated Payments

Credited from: NEWSWEEK

  • The Social Security Fairness Act has been signed into law, enabling almost 3 million Americans to receive backdated payments starting January 2024.
  • Recipients, primarily from public service roles, will benefit from an average increase of $360 per month in their payments.
  • The new law abolishes provisions that reduced benefits for those with government pensions who previously were ineligible for full benefits.
  • Back payments are expected to total around $4,320 for eligible recipients covering the 2024 calendar year.
  • Significant discussions surrounding the Act highlight concerns about its financial implications on the federal deficit but stress the benefits for affected workers.

For more details, visit the original article here.

SHARE THIS ARTICLE:

TAGS:

Social security Backdated payments Fairness act Benefits Public service
author-dp

Author:

Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

nav-post-picture
date-iconJanuary 07, 2025 South Korean Court Reissues Arrest Warrant for Impeached President Yoon Suk Yeol
date-iconJanuary 07, 2025 Jennifer Lopez and Ben Affleck Finalize Their Divorce After Two Years of Marriage
nav-post-picture
Related Posts
main-post-image
WORLD NEWS
Teamsters Union Authorizes Strike Against Costco as Contract Talks Fail
date-iconJan 21, 2025
main-post-image
POLITICS
Costco Workers Authorize Strike Amid Wage and Benefit Disputes
date-iconJan 20, 2025
main-post-image
POLITICS
Union Cabinet Approves 8th Pay Commission, Promises Salary Increase for Central Government Employees
date-iconJan 17, 2025
main-post-image
POLITICS
Vice President Kamala Harris Signs Ceremonial Desk Drawer, Honoring a 100-Year Tradition
date-iconJan 17, 2025
main-post-image
WORLD NEWS
US Jobless Claims Rise While Layoffs Stay at Record Low Levels
date-iconJan 16, 2025
main-post-image
POLITICS
Trump Administration Shuts Down Spanish-Language White House Page, Sparking Outcry from Latino Community
date-iconJan 22, 2025

Stay Connected

main-post-image
Politics
Vivek Ramaswamy Faces Backlash and Isolation from MAGA Base Ahead of Trump Administration
date-icon January 20, 2025
main-post-image
World News
Federal Prosecutors Decline Charges in Fatal 2019 Arrest of Ronald Greene, Prompting Family Outrage
date-icon January 15, 2025
main-post-image
Politics
Steve Bannon Critiques Zuckerberg and Musk's Role in MAGA Movement
date-icon January 15, 2025
main-post-image
Politics
Sean Duffy Faces Senate Confirmation Hearing as Trump’s Nominee for Secretary of Transportation
date-icon January 16, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD