Social Security Fairness Act H.R. 82 repeal

[yukonjack]

I’m curious about how many folks are going to be affected by the passage of the Social Security Fairness Act? I’m just hoping Biden signs it. For me it’ll be the difference between chicken and beef. I told my granddaughter I’ll be able to turn up the heat in the house from 63 to 66.

https://www.congress.gov/bill/118th-congress/house-bill/82

“

Shown Here:
Passed House (11/12/2024)​

Social Security Fairness Act of 2023

This bill repeals provisions that reduce Social Security benefits for individuals who receive other benefits, such as a pension from a state or local government.

The bill eliminates the government pension offset, which in various instances reduces Social Security benefits for spouses, widows, and widowers who also receive government pensions of their own.

The bill also eliminates the windfall elimination provision, which in some instances reduces Social Security benefits for individuals who also receive a pension or disability benefit from an employer that did not withhold Social Security taxes.

These changes are effective for benefits payable after December 2023.”

 

[KOPBET]

Won’t affect me.

 

[Frederick]

only a very small percentage of people will be effected by it --- people who took jobs that didn't tax them on Social Security in favor of a pension plan....maybe several million people in a population of 333 million.

most government jobs, including all the ones in Oklahoma that i'm aware of, tax you on Social Security and therefore don't effect the calculation.

 

[rickm]

Will just have to wait and see what provisions there are to qualify for it before i can say it will benifit me or not but usually when you see a increase in your social security benifits the medicare goes up also to offset whatever increase you get.

 

[yukonjack]

Will just have to wait and see what provisions there are to qualify for it before i can say it will benifit me or not but usually when you see a increase in your social security benifits the medicare goes up also to offset whatever increase you get.

If you had your Social Security benefits reduced due to WEP/GPO then those benefits will be restored. You should already know if you suffered a reduction due to WEP or GPO. This bill eliminates the WEP/GPO penalties. There is a provision to make the bill effective to December 2023. That would equate to 12 months of retroactive payments on the increase of your monthly benefit amount.

 

[Btown]

The wife will get around $400 more if it passes. Some of the hospitals she worked at paid SS some did not. When she started drawing SS a few months ago the lady at the SS office told her about the $400 difference. Any bit helps.

 

[saddlebum]

affects a lot police officers

 

[rickm]

Well quess it wont affect me, I started drawing in 22 and mine hasnt changed since.

 

[mouthpiece]

Still working full time and we keep out house at 61.
You must be rich!
payroll tax then they hit you for property tax, goods tax and everything else tax
Tax tax tax, every where you turn taxes just keep going up.

 

[rickm]

I keep my house at 70 but i would prefer lower but if i did wife would have to seal off a room and keep it at 0 to keep my dead body from stinking.