Search
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
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.
The Social Security Fairness Act will repeal two decades-old provisions that limited benefits for people who also receive a pension. Currently, public service employees are unable to receive their full Social Security benefits if they also receive other forms of retirement benefits, such as a pension.
NOT FOR REPRINT
© 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.
Guide
Sponsored by Gallagher
Mistakes happen in retirement plan administration, but they can cost you time, money, and trust. This guide will help identify and resolve 401(k) errors quickly to save significant costs and maintain compliance.
Guide
Sponsored by ArmadaCare
Benefit Changes Are Hard. Complementing Is Easy!
Help clients meet new employee benefit needs even if they don’t want to make primary health insurance plan changes.
eBook
Sponsored by Iv m at Work
Navigating Obesity Care and GLP-1 Coverage
As obesity rates soar and new treatments like GLP-1s emerge, understanding coverage options has never been more critical. This guide can help you navigate the complexities of obesity treatment to find an effective, sustainable solution for your clients.
Copyright © 2024 ALM Global, LLC. All Rights Reserved.
Sign In
Sign In
