13 sources·Politics

Biden Signs Social Security Fairness Act, Boosting Benefits for Public Sector Retirees

The Social Security Fairness Act increases benefits for retirees with public pensions, marking the first expansion of benefits in 20 years.

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Updated: Jan 6th, 2025, 11:21 AM ET

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President Biden has enacted the Social Security Fairness Act, increasing payments for nearly 3 million public sector workers, including police and firefighters. This law, which repeals provisions limiting benefits for retirees with public pensions, marks the first significant expansion in 20 years. Advocates hailing it as a historic victory emphasize the importance of economic security for those who have served in public roles. However, concerns arise regarding the long-term financial impact on the Social Security Trust Funds, with potential risks to their sustainability.

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