Tag #Social Security Fairness Act

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Social Security Fairness Act Eliminates WEP and GPO, Raising Concerns About Program Solvency

President Biden signed the Social Security Fairness Act on January 5th, eliminating provisions that reduced benefits for public sector retirees with outside pensions, increasing payouts for approximately 2 million individuals under WEP and 750,000 under GPO, despite concerns from Social Security exp...

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Senate Poised to Pass Social Security Fairness Act, Adding \$195 Billion to Deficit

The Senate is set to pass the Social Security Fairness Act, eliminating benefit reductions for almost 3 million public employees, adding \$195 billion to the federal deficit over 10 years and accelerating the program's insolvency by six months, according to the Congressional Budget Office.

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cnbc.com
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Senate to Vote on Social Security Fairness Act, Repealing WEP and GPO

The Senate is poised to vote on the Social Security Fairness Act, which would repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), impacting 2.01 million and 735,000 beneficiaries respectively, potentially costing $196 billion over 10 years and accelerating trust fund...

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npr.org
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Social Security Fairness Act Increases Benefits for 2.8 Million

President Biden signed the Social Security Fairness Act, increasing benefits for 2.8 million public employees by repealing provisions that reduced payments for those with other pensions, costing nearly $196 billion over ten years.

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forbes.com
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Senate to Vote on Social Security Fairness Act: $200 Billion Cost, Increased Insolvency Risk

The Senate is poised to vote on the Social Security Fairness Act, which would eliminate benefit adjustments for certain public sector employees, potentially costing Social Security nearly $200 billion over 10 years and increasing its insolvency risk, based on Congressional Budget Office estimates.

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forbes.com
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Windfall Elimination Provision: Impact and Debate

The Windfall Elimination Provision (WEP) reduces Social Security benefits for retirees who also receive a non-covered pension, affecting roughly 3% of recipients; it aims to prevent higher earners from receiving disproportionately high benefits.

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48% Bias Score

Reduced Inequality