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Biden Enacts Social Security Fairness Act to Boost Benefits

share-iconTuesday, January 07 comment-icon3 weeks ago 13 views
News sources:
thehillTHEHILL
Biden Enacts Social Security Fairness Act to Boost Benefits

Credited from: THEHILL

  • President Biden has signed the **Social Security Fairness Act**, aiming to expand benefits for many Americans.
  • The legislation repeals the **Windfall Elimination Provision (WEP)** and the **Government Pension Offset (GPO)**, which have historically reduced benefits for some workers.
  • Proponents praise the law as a victory for public servants, with an estimated **2 million beneficiaries** affected by the WEP and nearly **746,000** impacted by the GPO.
  • Despite support, experts warn of a projected cost of **$190 billion** over ten years, with concerns about the program's financial sustainability.
  • Beginning this year, affected individuals are expected to receive one-time payments, alongside an increase in monthly benefits averaging **$360**.

For further details, visit the original article at The Hill.

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Atlas Winston

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

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