Retired teacher, firefighter, police officer or recipient of a public pension? You’ll be getting big bucks from new benefits of Biden’s Social Security Fairness Act
Millions of retired teachers, firefighters, police officers and others with public pensions will be reaping the benefits of the recently passed Social Security Fairness Act sooner than first projected, federal officials announced. The Social Security Administration (SSA) said it was immediately beginning to pay retroactive benefits and will increase monthly payments starting in April to the more than 3.2 million people affected by a law signed in January by former President Biden, who said it would mean an average monthly increase of $360 for more than 2.5 million Social Security recipients. Decades in the making, the Social Security Fairness Act expanded benefits for millions by eliminating two federal policies that barred employees with a public pension from collecting their full be...