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2.5 Million Americans Now Eligible for Increased Social Security Benefits

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2.5 Million Americans Now Eligible for Increased Social Security Benefits
SOCIAL SECURITYPUBLIC PENSIONSRETIREMENT BENEFITS

The Social Security Fairness Act, signed into law by President Biden, repeals two outdated laws that unfairly reduced benefits for public service workers who collected both Social Security and public pensions. This change will increase payments for an estimated 2.5 million Americans by an average of $360 per month.

For decades, millions of Americans paid into Social Security with their wages but couldn't collect the benefits when they retired. This was due to laws passed in the 1970s and 1980s that reduced the benefits of individuals who also received a public pension from their jobs as firefighters, teachers, bus drivers, corrections officers, or government workers.

Public service workers nationwide organized petitions, letter-writing campaigns, called representatives in Congress, and visited Washington for face-to-face meetings with their representatives. Their efforts paid off. The laws were repealed, and the bipartisan change will increase the Social Security payments of affected workers by an average of $360 per month.The Social Security Fairness Act repeals two laws that affected around 2.5 million people whose earned Social Security benefits were cut because they also collected pensions from jobs where they hadn't paid into Social Security. This victory comes as a relief to many public service workers who diligently contributed to Social Security throughout their careers but faced reduced benefits upon retirement due to their public pensions.The act signifies a significant step towards fairness and equity in the Social Security system, recognizing the contributions of individuals who served their communities while also paying into Social Security. This change will provide much-needed financial support to millions of retired public service workers, allowing them to live more comfortably and enjoy their well-deserved retirement

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SOCIAL SECURITY PUBLIC PENSIONS RETIREMENT BENEFITS BIPARTISAN LEGISLATION FAIRNESS ACT

 

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