President Biden to Sign Social Security Fairness Act Benefiting Nearly 3 Million Retirees - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Bishop Mariann Budde's Plea for Mercy Draws Fire from Trump Following Inaugural Prayer Service
user-iconAtlas Winston
side-post-image
India Defeats England by Seven Wickets in First T20: Abhishek Sharma Shines
user-iconGloria Terra
Contact Phone:
Politics

President Biden to Sign Social Security Fairness Act Benefiting Nearly 3 Million Retirees

share-iconSaturday, January 04 comment-icon2 weeks ago 7 views
News sources:
cbsnewsCBSNEWS
President Biden to Sign Social Security Fairness Act Benefiting Nearly 3 Million Retirees

Credited from: CBSNEWS

  • President Biden is expected to sign the Social Security Fairness Act, which aims to extend full benefits to nearly 3 million U.S. retirees.
  • The legislation will eliminate the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which currently reduce benefits for public service workers.
  • Senate Majority Leader Chuck Schumer called the bill's passage a "monumental victory" for public service workers who have been denied their full benefits.
  • The act is projected to add $195 billion to federal deficits over the next decade, even though it received bipartisan support.
  • Once enacted, the new rules will be retroactive to January 2024, allowing eligible recipients to receive full payments.

For more information, visit the original article at CBS News.

SHARE THIS ARTICLE:

TAGS:

Social security Fairness act Biden Retirees Pensions Public service
author-dp

Author:

Atlas Winston

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

nav-post-picture
date-iconJanuary 04, 2025 Driver Planned Bomb Attack in New Orleans with Additional Explosives Found
date-iconJanuary 04, 2025 Honduran President Xiomara Castro Threatens U.S. Military Withdrawal Amid Deportation Plans
nav-post-picture
Related Posts
main-post-image
POLITICS
Trump Calls Biden's Letter 'Inspirational,' Continues Inauguration Day Tradition
date-iconJan 22, 2025
main-post-image
WORLD NEWS
Barron Trump's Poised Debut at Inauguration Sparks Speculation and Social Media Buzz
date-iconJan 22, 2025
main-post-image
POLITICS
Trump Rescinds Biden's Prescription Drug Executive Order, Raising Concerns About Future Costs
date-iconJan 22, 2025
main-post-image
POLITICS
Trump Revokes Security Clearances of Intelligence Officials Involved in Hunter Biden Investigation
date-iconJan 22, 2025
main-post-image
POLITICS
Criticism Mounts Over Biden’s Last-Minute Family Pardons as Trump Calls Them "Guilty"
date-iconJan 21, 2025
main-post-image
POLITICS
Ruben Amorim Declares Manchester United Squad 'Possibly the Worst in Club History' After Latest Defeat
date-iconJan 20, 2025

Stay Connected

main-post-image
World News
Afghan Refugees Plead with Trump to Lift Suspension on U.S. Resettlement Program
date-icon January 22, 2025
main-post-image
Politics
Elise Stefanik Faces Scrutiny Over Foreign Policy Experience at U.N. Confirmation Hearing
date-icon January 22, 2025
main-post-image
Economy
IMF Projects Global Economic Growth Amid Trump’s Policy Challenges
date-icon January 17, 2025
main-post-image
Politics
Americans Skeptical About Trump's Ability to Lower Costs in His Upcoming Term
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
Bishop Mariann Budde's Plea for Mercy Draws Fire from Trump Following Inaugural Prayer Service
user-iconAtlas Winston
side-post-image
India Defeats England by Seven Wickets in First T20: Abhishek Sharma Shines
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD