Biden Signs Social Security Fairness Act

News January 05, 2025 at 06:53 PM
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President Joe Biden signed the Social Security Fairness Act Sunday afternoon at an event at the White House.

The Social Security Fairness Act repeals the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) provisions of Social Security.

"The bill I'm signing today is about a simple proposition: Americans who have worked hard all their lives to earn an honest living should be able to retire with economic security and dignity," Biden said during the event. "That's the entire purpose of the Social Security System crafted by Franklin Delano Roosevelt nearly 90 years ago.

"Social Security is the bedrock of financial security for retirees and survivors and for millions of Americans with disabilities," Biden continued. However, "public sector employees like teachers, nurses, maintenance workers and more, many working second jobs beyond their public service ... the law that existed denied million of Americans access to the full Social Security benefits they earned by thousands of dollars a year. That denial of benefits also applied to surviving spouses of public service employees."

Biden said at the ceremony that the average benefit increase for these newly eligible public servants will be $360 per month starting in 2025. They also will receive a lump sum payment for what they would have received in 2024.

Social Security advocates were quick to weigh in.

"This is the bipartisan solution that most Americans want, even though some on Capitol Hill have proposed to slash benefits by raising the retirement age, means testing, cutting COLAs, or privatizing Social Security," Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare, said in a statement after the signing.

"Congratulations to the sponsors and cosponsors of the Social Security Fairness Act for their perseverance in enacting the bill before the end of the 118th Congress," Richtman added. "Thanks also to President Biden for signing it into law — and for consistently fulfilling his promise to protect Americans’ earned benefits all the way through the end of his presidency. We can only hope that President-elect Trump will keep his promises to do the same.”

Biden’s signing of the Social Security Fairness Act "truly is historic," Richtman continued. "The new law rights a wrong that for the last 50 years has either reduced or eliminated the Social Security benefits of certain government retirees. Nearly 3 million public sector employees and families will now be eligible to collect their full Social Security benefits. These include hard-working public servants like teachers, firefighters, and police officers whose benefits were affected" by the WEP and GPO.

Credit: Bloomberg

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