In a landmark move, President Joe Biden has enacted the Social Security Equity Act, promising increased benefits for millions of Americans.

President Joe Biden recently signed the Social Security Fairness Act into law. This new legislation will have a big impact on retired teachers and other public sector workers. The law repeals two rules that have been in place for decades: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).

The Social Security Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement, spousal, and survivors benefits. Before President Biden signed the Social Security Fairness Act into law, the OASI Trust Fund was expected to be insolvent by 2033, at which point only 79% of scheduled benefits would have been payable.

President Biden signed the Social Security Fairness Act into law earlier this month, marking the administration’s final major effort on Social Security refo

This week, a select group of Social Security retirees in the United States will see their monthly payments rise to $5,000. Millions of beneficiaries will also experience a significant increase in their income,

The Social Security Administration is working to implement the Social Security Fairness Act which will expand benefits for nearly three million Americans.

Social Security is set to undergo several changes in 2025 that will impact millions of Americans. The average payment will increase by 2.5% due to a Cost of Living Adjustment (COLA). While this is a modest boost,