It ends the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which reduced or eliminated the Social Security benefits of over 3.2 million people who receive a pension based on work that was not covered by Social Security (a "non-covered pension").
Callers to the SSA hear a message about the Social Security Fairness Act, intended to reduce long and frustrating wait times for those seeking information on the new law. However, more than 7,000 people per day still choose to wait for a live representative, leading to a backlog that is expected to grow in the coming weeks and months.
Data from TSCL’s 2024 Senior Survey shows 62% of older Americans worry their retirement income won’t even cover essentials such as groceries and medical bills. Will 2026's COLA increase help?
In 2024, approximately 171 million American workers paid Social Security taxes, and nearly 72.9 million Americans received Social Security benefits. Personal finance bestselling author Dave Ramsey has a strong warning about the federal program.
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
February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in three days. The next SSI payments are scheduled to be distributed on Friday, Jan. 31. SSI payments are given to people living with debilitating disabilities that affect their income, according to the Social Security Administration.
The amount Florida's spending on supplemental security payments for children dropped despite an increase in the number of recipients.
Learn how the Social Security Fairness Act may increase your retirement benefits by eliminating the Windfall Elimination Provision and the Government Pension Offset.
An important footnote in the memo calling for a federal funding freeze exempted Social Security. The White House subsequently walked back the freeze after a federal judge issued a temporary restraining order.
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.
Nothing in this memo should be construed to impact Medicare or Social Security benefits,” the memo from the Office of Management and Budget reads.
President Donald Trump’s pause on federal grants and loans has agencies and individuals scrambling as the fallout continues.