President Biden signed the Social Security Fairness Act, eliminating the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). This bipartisan legislation increases Social Security benefits for approximately 2.5 million public sector workers and their spouses, averaging a $360 monthly increase. The act also provides retroactive lump-sum payments to compensate for past benefit shortfalls. This change, decades in the making, ensures these individuals receive the full Social Security benefits they earned.
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President Joe Biden’s recent announcement of a plan to cancel nearly $4.3 billion in student loan debt for approximately 55,000 public sector workers is a significant step in addressing the burden of student loan debt. This action, taken in the final weeks of his administration, aims to provide relief to those who have dedicated their careers to public service.
The move brings the total number of individuals receiving debt relief under Biden’s administration to nearly 5 million, with a total forgiveness amount exceeding $180 billion. This substantial investment in debt cancellation has the potential to significantly improve the financial well-being of many public servants and boost their overall quality of life.… Continue reading
John Q. Hosedrinker 
Matt Underwood