U.S. Senate Chamber. Credit: Architect of the Capitol.
Over the weekend, Congress passed a measure that has been decades in the making. The Social Security Fairness Act boosts Social Security retirement payments to nearly 3 million public sector retirees who draw public pensions - such as former police and firefighters - which critics warned will further weaken the program's finances. The bill, which would cost more than $195 billion over 10 years, now heads to President Joe Biden’s desk for approval.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
