The Social Security Fairness Act was signed into law by then-President Joe Biden on Jan. 5 and eliminated policies known as the Windfall Elimination Provision (WEP) and Government Pension (Offset).

Social Security benefits are paid one month behind. According to the SSA, most affected beneficiaries will begin receiving their new monthly benefit amount for March 2025 in April 2025.

In 1935, President Franklin D. Roosevelt signed the Social Security Act into law. This law established a federal safety net that provided benefits to retirees over 65, funded by lifetime payroll ...

The bipartisan Social Security Fairness Act was signed into law, ending the WEP and GPO provisions that had reduced or eliminated benefits for over 3.2 million public-sector retirees .

The retirement trust fund peaked at $2.82 trillion in 2017. Since 2021, Social Security has been redeeming its Treasuries and using the proceeds to bridge the gap between its revenues and its mandated ...