Congress Passes Bill to End Social Security Cuts for Public Sector Retirees
The Social Security Fairness Act repeals decades-old provisions reducing benefits for millions of retired teachers, firefighters, and other public workers, but raises concerns about costs and Social Security's solvency.
- The Social Security Fairness Act, passed with bipartisan support in both the House and Senate, now awaits President Biden's signature to become law.
- The legislation eliminates the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which have reduced Social Security benefits for retirees with public sector pensions.
- Supporters argue the bill corrects longstanding inequities, ensuring millions of public servants receive the full benefits they earned through private-sector Social Security contributions.
- Critics warn the bill could accelerate the depletion of Social Security's trust funds by six months and add nearly $196 billion to federal spending over the next decade.
- If signed into law, the changes will take effect for monthly Social Security benefits payable after December 2023.