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President Biden recently signed the Social Security Fairness Act, a landmark decision that will affect millions of Social Security beneficiaries across the United States. This new legislation is set to increase benefits for many, but not everyone will see changes. In this video, Marvin Musick will break down who stands to benefit from the Social Security Fairness Act and who will not.
00:00 Introduction
00:24 History of WEP/GPO
02:49 Who is affected?
03:51 WEP/GPO Formula
09:10 Normal WEP/GPO Formula
18:38 Average Impact of SS Fairness Act
19:52 When Will The Increase Happen?
21:00 What Do You Need To Do?