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The Social Security Fairness Act (SSFA), enacted on January 5, 2025, marks a significant shift in Social Security benefits, ...
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Some 2.8 million Americans may be eligible to receive an increase in their monthly Social Security benefits. Are you one of ...
Social Security is a major source of income for 74M Americans — but how far does the average check go? See average benefits ...
Q. I receive a significant pension from work I have done outside of Social Security. I have not worked enough hours under ...
The majority of affected beneficiaries already began receiving their increased monthly benefit amounts in April.
The SSA has now confirmed it has sent out 3.1 million payments to those impacted by the Social Security Fairness Act.
Social Security changes slightly every year, undergoing adjustments that can significantly affect individuals receiving benefits. The 2025 year started with a 2.5% cost-of-living increase.
In January, President Joe Biden signed a law repealing the Windfall Elimination Provision and the Government Pension Offset, which limited or eliminated Social Security benefits for civil servants, ...
The decrease was not driven by Americans earning less, but was instead attributed to a reduction in Social Security payments.
Both the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) were repealed by the Social Security Fairness Act. This affected Social Security’s costs at a time when the ...
The Windfall Elimination Provision (WEP) penalized certain retirees. “Right now, WEP can reduce your Social Security benefit if you also get a pension from non-covered work,” Ray explained.