Millions of retired Americans are set to benefit from the Social Security Fairness Act, signed into law by President Joe Biden on Jan. 5. But there are worries it could worsen the insolvency of the government program and impact future generations.
The law eliminates two controversial provisions: the Windfall Elimination Provision and the Government Pension Offset. Both were designed to reduce Social Security benefits for employees with pensions from employers who weren’t required to withhold Social Security taxes. Both policies barred public-sector workers, such as public school teachers and firefighters, from collecting their full benefits under the federal retirement program.
