Summary
President Biden will sign the Social Security Fairness Act, boosting payments for nearly 3 million public service retirees by eliminating the Windfall Elimination Provision and Government Pension Offset.
The changes will increase benefits by an average of $360–$1,190 monthly, including backdated payments starting January 2024.
Advocates call it a historic victory for educators, firefighters, and others, correcting a 40-year inequity.
While some Republicans supported the legislation, others argued it was unsustainable and would hasten the program’s insolvency.
Thank goodness these boomers are getting more money. They never had the opportunity to plan for their retirement like the newer generations!
And younger generations are swimming in cash so they’re happy to pay for the boomers.
Will this be the final lugie in your face? Misspelling deliberate*