Biden's Social Security Fairness Act boosts benefits for public workers - PRESS AI WORLD
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Biden's Social Security Fairness Act boosts benefits for public workers

share-iconTuesday, January 07 comment-icon2 weeks ago 8 views
News sources:
nprNPR
Biden's Social Security Fairness Act boosts benefits for public workers

Credited from: NPR

  • President Biden has signed the **Social Security Fairness Act**, which will enhance benefits for nearly **3 million public employees**.
  • The law repeals provisions that previously **limited benefits** for those with pensions not covered by Social Security.
  • Affected workers, such as **teachers, firefighters**, and **police officers**, can expect significant **monthly benefit increases**; average gains are estimated at **$360 for some recipients**.
  • Changes are projected to cost about **$196 billion** over the next decade and will impact around **4% of total Social Security beneficiaries**.
  • The **Social Security Administration** is working on implementing these changes, encouraging recipients to keep their contact information current.

For more details, visit the original article here.

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