Biden Signs Bill Boosting Social Security Benefits for Government Workers
The new law is expected to hasten Social Security’s insolvency date by about half a year and reduce lifetime benefits by $25,000 for many couples retiring beginning in 2033.
President Biden on Sunday signed into law a measure that boosts Social Security payments for nearly 3 million government workers who receive generous pensions from their time as teachers, firefighters, police officers and in other public service jobs.
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