Social Security Fairness Act: What to know about retroactive payments and possible increases this year?
The Social Security Fairness Act, enacted during the final days of Joe Biden's presidency, promises full Social Security benefits for government retirees, impacting 3 million individuals.
Social Security Fairness Act Signed by Biden: What It Means for Your Retirement
Fact checked by Vikki Velasquez In January 2025, former President Joe Biden signed the Social Security Fairness Act into law. The new legislation terminated two rules that reduced Social Security benefits for millions of retirees.
6 Big Shakeups Coming to Social Security in 2025
Nearly 72.88 million Americans rely on Social Security for monthly income. The vast majority, about 65.5 million, collect Social Security benefits. Another 4.88 million receive Supplemental
Social Security's Day of Reckoning Is Getting Dangerously Close
The program's combined trust funds, however, are set to run dry in 2035, according to the most recent Social Security Trustees report. And while that date is by no means set in stone, if it is correct, it means the program may have to implement sweeping benefit cuts a decade from now.
What you need to know about the Social Security Fairness Act
On January 5, 2025, the Social Security Fairness Act was signed into law, marking a major reform for public sector workers, including firefighters, police officers and teachers. This law eliminates two controversial provisions – the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) — providing fairer Social Security benefits to millions.
Over 3 million on Social Security may wait more than a year for higher payments
More than 3.2 million people will see increased Social Security benefits, under a new law. However, individuals who are affected may have to wait more than a year before they see the extra money that’s due to them from the Social Security Fairness Act,
Social Security Payments: Millions May Not Receive Boost For Over A Year
Millions of Social Security recipients impacted by the Social Security Fairness Act could have to wait up to a year for their benefits to increase, the Social Security Administration (SSA) has said. In January,
Social Security Fairness Act’s boosted payments may be a year away
Social Security beneficiaries who stood to see a boost in payouts as the result of a law approved earlier this month may have to wait a little longer than expected for higher payments. Under the new law,
Worried About How President Donald Trump's Social Security Plans Could Affect Your Retirement? Do These 4 Things to Prepare Now.
Those who are unable to work in retirement may be eligible for other government benefits, depending on their income.
Kiplinger14d
How Would Raising the Social Security Retirement Age to 69 Affect You?
Talk of raising the Social Security retirement age is trending, given the Republican election sweep and the program's looming insolvency. That would be bad news for many U.S. workers sticking it ...
Retirement income sources to consider when Social Security isn't enough to make ends meet
You'll have the best chance of staying comfortable in retirement if you have other sources of income to supplement your ...
Looking for early freedom? Here’s what happens to your Social Security benefits in America when you retire at 55
Most people qualify for Social Security after 10 years of working and earning work credits. However, if you work for less ...
Are You Eligible for the 2025 Maximum Social Security Benefits? Find Out Now
The year you were born, how much you've worked, and the year you claim your benefits determine how much you receive, but very few will qualify for the maximum benefit.