On January 5th, President Joe Biden signed the Social Security Fairness Act, H.R. 82, into law. This bipartisan supported legislation provides a boost in benefits for approximately 3 million retired teachers, firefighters, policeman and other public sector workers who also receive pension income.
The Social Security Fairness Act repeals two provisions – the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) that have been in place for more than 40 years.
The WEP reduced Social Security benefits for individuals who receive pension or disability benefits from employment where Social Security payroll taxes were not withheld…
