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The measure repeals two tax rules, the Windfall Elimination Provision and the Government Pension Offset, that reduce benefits for those with public pensions from jobs that weren’t subject to Social Security taxes, such as teachers, first responders, and other government employees.The Democratic-led Senate passed the measure 76-20. It cleared the GOP-controlled House 327-75 last month and will now head to President Joe Biden for his signature.
“Social Security is the foundation of retirement income for most Americans,” said Sen. Susan Collins , a co-author of the bill. “Yet many teachers, firefighters, police officers, and other public servants often see their earned Social Security benefits unfairly reduced.” Critics made a twofold case against it: Social Security will run out of money sooner, and expanding benefits to those with jobs that weren’t covered by Social Security taxes is unfair to taxpayers.
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Social Security Fairness Act Clears Senate Hurdle, Aims for Biden's DeskThe Social Security Fairness Act, which seeks to end provisions that reduce federal benefits for individuals with other pensions, has gained bipartisan support in Congress. After passing the House in November, the bill cleared its first Senate hurdle on Wednesday. Its proponents aim for a Senate vote before the end of the year to send the legislation to President Biden.
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Social Security Fairness Act Heads to Senate VoteThe Social Security Fairness Act, aiming to eliminate reductions in federal benefits for individuals with pensions, has cleared its first hurdle in the Senate.
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Social Security Fairness Act Heads to Senate VoteThe Social Security Fairness Act, aiming to restore full Social Security benefits to public employees by repealing the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), is expected to be voted on in the U.S. Senate on Friday. The bill has garnered significant support, with over 330 cosponsors in the House and 62 in the Senate, including Alaska Senator Lisa Murkowski. The act addresses concerns that the WEP and GPO unfairly reduce Social Security benefits received by public employees, like teachers and firefighters.
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Senate begins final push to expand Social Security benefits for millions of peopleThe Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people.
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Senate begins final push to expand Social Security benefits for millions of peopleThe Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people.
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