President Biden Signs Social Security Fairness Act Into Law

It will affect nearly 3 million people who receive pensions from their time in public service jobs.

President Biden signed a new measure into law dubbed the ‘Social Security Fairness Act.’

The bill boosts social security payments for current and former public employees. It will affect nearly 3 million people who receive pensions from their time as teachers, firefighters, police officers and in other public service jobs.

The measure rescinds two provisions including the ‘Windfall Elimination Provision’ and the ‘Government Pension Offset’ that limit social security benefits for recipients if they get retirement payments from other sources, including public programs from a state or local government.

The change is to payments from January 2024 and beyond, meaning the social security administration would owe back-dated payments.

Biden said the bill is a simple proposition regarding “Americans who have worked hard all their life to earn an honest living should be able to retire with economic security and dignity, that’s the entire purpose of the social security system.”