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Two new reports spend a good deal of time examining the solvency of the Social Security program. While Social Security's ...
As of June 2025, the average monthly Social Security retirement payment stands at $1,950.27, translating to approximately $23,400 a year, according to the latest figures from the S ...
"This eliminated the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) from the Social Security Act," Chad Gammon, owner of Custom Fit Financial, explained to Newsweek ...
Key Takeaways The Social Security Fairness Act was signed into law by President Joe Biden in January 2025 to repeal the Windfall Elimination Provision and Government Pension Offset. The law means ...
Early this year, near the end of his term in office, President Biden signed the Social Security Fairness Act, a law that ended the Windfall Elimination Provision and Government Pension Offset ...
Many people are used to working, paying taxes on their income, and collecting Social Security in retirement. But it used to be that for some people, it wasn’t a given that they would get their ...
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.
At the start of 2025, then-President Joe Biden signed the Social Security Fairness Act into law, paving the way for 2.8 million Americans to receive an increase in their monthly Social Security… ...
Congress is set to vote on a bill that would increase Social Security benefits for some Americans if it's passed. Next month, ...
Experts note the main driver behind the accelerated insolvency timeline is the Social Security Fairness Act, enacted January 5, 2025. The legislation repealed the Windfall Elimination and ...