Biden to Enact Social Security Fairness Act on January 6, Enhancing Benefits for US Educators - PRESS AI WORLD
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Biden to Enact Social Security Fairness Act on January 6, Enhancing Benefits for US Educators

share-iconFriday, January 03 comment-icon2 weeks ago 7 views
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indiatimesINDIATIMES
Biden to Enact Social Security Fairness Act on January 6, Enhancing Benefits for US Educators

Credited from: INDIATIMES

  • President Biden is set to sign the Social Security Fairness Act on January 6, enhancing Social Security benefits for US school teachers.
  • This legislation removes provisions that reduced benefits for educators, enabling them to receive the full amounts earned.
  • The Act repeals the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which have impacted educators' retirement income.
  • Teachers in 15 states, including California and Texas, will particularly benefit as these changes apply to those who were previously excluded from Social Security.
  • Despite significant relief, financial experts warn of possible long-term implications, with a predicted cost increase of $196 billion for the Social Security program.

For more information, visit the original article here.

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