The Social Security Fairness Act of 2024 removes the Windfall Elimination Provision and Government Pension Offset rules, benefiting nearly 3 million retired public service employees with increased and ...
The Congressional Budget Office (CBO) estimates the repeal will cost taxpayers $196 billion over the next decade, plus an ...
Higher retirement plan contribution levels, lower ‘safe’ withdrawal rates, changes to Social Security benefits, and more.
Kathryn McCall, a CFP and financial adviser with CAPTRUST, highlights how individuals previously affected due to shifting from private to public sector roles will now receive fair compensation without ...
Social Security is not an entitlement program or a handout, it’s an earned benefit paid into by workers and their employers. When we retire, we expect to receive the full ...
Commentary: Social Security is not a handout; it’s an earned benefit paid into by workers and their employers. But for ...
If you are a current or former public sector employee or a survivor, spouse or ex-spouse of someone like that, you may ...
President Joe Biden signed into law H.R. 82 The Social Security Fairness Act, legislation that repeals the Windfall ...
The Social Security Fairness Act not only boosts future benefits but also requires the Social Security Administration (SSA) to issue back payments dating back to January 2024. So if you are found to ...
The legislation repeals the punitive Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which has prevented teachers, police officers, firefighters and other public service ...
Illinois is among the states with the largest proportion of workers affected by the Social Security Fairness Act.
Retired Canton City firefighter Carl Jordan has worked for nearly 10 years to repeal two federal provisions that reduce Social Security benefits for public workers. Jordan was invited to President ...