Social Security Fairness Act Vote

This is a news story, published by MSN, that relates primarily to Social Security news.

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Social Security Fairness Act

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Social Security benefits

WFTV

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Business

Business & Economics

Millions of people may get expanded Social Security benefits. Who are they and how would it happen?

Summary

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87% Informative

The Social Security Fairness Act would end longtime provisions that reduce the federal benefit for people who are also eligible for other pensions.

The bill has bipartisan support but has drawn some criticism from some conservatives.

It would repeal two provisions that limit Social Security benefits for certain recipients based on retirement payments they get from other sources.

The proposals moving on Capitol Hill are straightforward: “The Commissioner of Social Security shall adjust primary insurance amounts to the extent necessary to take into account” changes in the law.

It's not immediately clear how easily the Social Security Administration could adjust payments for a few million people.

The Social Security Trust funds already were estimated to be unable to pay full benefits beginning in 2035 .

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formal

Language

English

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not offensive