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12%  
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  • Social Security Fairness Act’s boosted payments may be a year away

    01/27/2025 1:11:40 PM PST · by ChicagoConservative27 · 20 replies
    The Hill ^ | 01/27/2025 | Aris Folley -
    Social Security beneficiaries who stood to see a boost in payouts as the result of a law approved earlier this month may have to wait a little longer than expected for higher payments. Under the new law, dubbed the Social Security Fairness Act, lawmakers agreed to repeal two tax rules that reduced benefits for many Americans who also receive government pensions, including police officers, teachers and firefighters. Former President Biden, who signed off on the legislation, said at the time that more than 2 million Americans were slated to “receive a lump sum payment of thousands of dollars to make...