S.S. “Fairness” Act, Hands $190B of Taxpayer Money to Fed, State, and Gov Workers

stock here: bottom line…when the husband dies, the wife gets her own pension or SS, plus can continue to get 100% of his SS. But only if you are a government employee. This will also bankrupt the SS system in 2033.

They are trying to buy loyalty, and pit people against Trump, who will of course repeal this (but be smart and do it a year later)

———————————- AI

President Joe Biden recently signed the Social Security Fairness Act, a significant legislative change that impacts public sector retirees.

Key Provisions of the Act:

Repeal of the Windfall Elimination Provision (WEP): Previously, the WEP reduced Social Security benefits for individuals receiving pensions from employment not covered by Social Security taxes, such as certain federal, state, or local government jobs. The repeal allows these retirees to receive their full Social Security benefits.
Investopedia

Repeal of the Government Pension Offset (GPO): The GPO reduced Social Security spousal or survivor benefits for individuals who also received a government pension from non-Social Security-covered employment. With its repeal, affected individuals can now access full spousal or survivor benefits.
Barron's

Implications:

Beneficiaries: Approximately 2.8 million public sector retirees, including teachers, police officers, and firefighters, will benefit from increased Social Security payments.
Associated Press

Financial Impact: The Congressional Budget Office estimates that repealing these provisions will increase federal spending by about $196 billion over the next decade. This change is projected to accelerate the depletion of the Social Security trust fund by approximately six months, moving the insolvency date from 2034 to 2033.
Barron's

Effective Date:

The changes will apply to benefits payable after December 2023. Beneficiaries can expect adjustments to their Social Security payments beginning in January 2024, with retroactive payments for any benefits owed from that date.
Associated Press

This legislative change addresses long-standing concerns about the fairness of Social Security benefit calculations for public sector employees, ensuring they receive benefits comparable to other workers.
Recent Coverage on the Social Security Fairness Act
FaviconInvestopedia
Biden Signs Social Security Law That Boosts Benefits For Public Sector Retirees
Yesterday
Biden Signs Social Security Law That Boosts Benefits For Public Sector Retirees
FaviconBarron’s
Biden Signs Social Security Law in a Boost for Government Retirees
2 days ago
Biden Signs Social Security Law in a Boost for Government Retirees
FaviconAssociated Press
Higher Social Security payments coming for millions of people from bill that Biden signed
2 days ago