Biden signs Social Security Fairness Act into law
This is huge news for folks who were denied or reduced their Social Security benefit due to having a government pension. If you or someone you know worked a job where you didn't pay into Social Security and instead got a pension (many government employees and public school teachers), but previous to or after that did work for some years where you did pay into Social Security, you likely have a small Social Security benefit that was denied or reduced to you via the GPO (Government Pension Offset). Now, with the signing of this law, you are entitled to collect that Social Security amount in addition to your pension. This also affects widows/widowers receiving similar pensions.
Questions on how this might affect you pr someone you know? Reach out to our office and we'll help!
*Thrivent financial advisors and professionals have general knowledge of the Social Security tenets. For complete details on your situation, contact the Social Security Administration. See thrivent.com/social for important disclosures.
The Social Security Fairness Act repeals WEP and GPO, two provisions that reduce or eliminate Social Security benefits for certain federal annuitants.
