WASHINGTON, D.C. — President Joe Biden signed the Social Security Fairness Act into law Sunday. The law reverses two decades-old rules that cut benefits for about 2.8 million public employees who also receive pensions.
What You Need To Know
- President Joe Biden signed the Social Security Fairness Act into law
- Former Sen. Sherrod Brown, an early supporter of the measure, returned to Washington to attend the signing
- About 2.8 million Social Security beneficiaries will see their benefits increase under the law
Those employees, including teachers, firefighters and police, have not received full benefits in decades due to two laws: the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
The WEP reduces Social Security benefit payments for workers who receive pensions from federal, state or local government not covered by Social Security. The GPO reduces Social Security benefits for spouses and widows of workers with government pensions…