Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
How the Social Security Fairness Act Affects Claiming Strategies
By John ManganaroSome clients who never filed for benefits now have a strong incentive to do so, Joe Elsasser says.
January 05, 2025
Biden Signs Social Security Fairness ActThe new law repeals the Windfall Elimination Provision and Government Pension Offset, which affect some public workers.
January 03, 2025
Debate: Is the Social Security Fairness Act Fair?The bill, awaiting Biden's signature, repeals the WEP and GPO provisions affecting public workers and provides retroactive 2024 benefits.
January 03, 2025
New York State Bill Could Double Annuity Income Tax Exemption for Older ResidentsThe proposed increase would apply to taxpayers 59 1⁄2 and older.
December 31, 2024
Social Security Has Faced Peril Before. What Can We Learn?Lawmakers steered the fund away from insolvency in the 1980s by increasing revenues and raising the retirement age.
December 31, 2024
Biden Likely to Sign Social Security Fairness Act on Jan. 6Both Biden and Trump support the bill, the National Fraternal Order of Police says.
December 27, 2024
Social Security Fairness Act Calls for 2024 Back PaymentsThe bill repealing the controversial Windfall Elimination Provision and Government Pension Offset awaits President Biden's signature.
December 23, 2024
What the New $1.9T Spending Law Means for Life and Annuity LegislationThe American Relief Act contains no life insurance or annuity provisions, but it rattled the policy gameboard.