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Benzinga

Benzinga

US Politics

US Politics

Millions of retired public employees will now receive higher Social Security payments

Benzinga
Summary
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77% Informative

President Joe Biden signed the Social Security Fairness Act into law on January 5 .

Millions of retired public employees will now receive higher Social Security payments.

Nearly three million people will feel the immediate impacts of this law.

The Congressional Budget Office estimated that eliminating the WEP would boost 2.1 million beneficiaries' monthly payments by an average of $ 360 .