As March 2025 approaches, millions of Social Security beneficiaries in the United States are set to receive increased payments. This enhancement is primarily due to the 2.5% Cost of Living Adjustment (COLA) and the recent enactment of the Social Security Fairness Act, which addresses previous reductions caused by the Windfall Elimination Provision (WEP) and Government … Read more
The Social Security Fairness Act, enacted in January 2025, aims to repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), thereby enhancing benefits for over 3 million retirees. While the legislation promises increased financial support for many, its implementation presents significant challenges. This article delves into the complexities the Social Security Administration … Read more
The Social Security Fairness Act, recently signed into law, aims to enhance benefits for over 3 million public employees by repealing the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). However, the implementation of these changes faces significant challenges. 1. Implementation Challenges The Social Security Administration (SSA) is tasked with adjusting benefits for … Read more