In a landmark move, President Joe Biden has enacted the Social Security Equity Act, promising increased benefits for millions of Americans.

The Social Security Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement, spousal, and survivors benefits. Before President Biden signed the Social Security Fairness Act into law, the OASI Trust Fund was expected to be insolvent by 2033, at which point only 79% of scheduled benefits would have been payable.

Teachers, firefighters, police and others who earn a separate pension for government work will now get their full Social Security benefits.

Biden estimated the bill should lead to an average monthly increase of $360 for certain public employees and their spouses and survivors. The outgoing president said more than 2.5 million Americans will receive a lump sum payment worth "thousands of dollars" to compensate for the benefits they should have received last year.

President Joe Biden signed a bill Sunday that boosts Social Security benefits for millions of public sector workers in what the White House described as the first expansion of such benefits in 20 ...

President Joe Biden signed the Social Security Fairness Act into law Sunday, marking what is expected to be one of the last major pieces of legislation of his presidency.

A monthly child allowance went away, but bigger food benefits and health care subsidies could be here to stay.

President Biden signed the Social Security Fairness Act into law earlier this month, marking the administration’s final major effort on Social Security refo

President Joe Biden signed one of his final pieces of legislation on Sunday, expanding Social Security benefits for millions of retired government workers initially denied these funds.

President Joe Biden signed a measure into law on Sunday that boosts Social Security retirement payments to some retirees who draw public pensions, such as former police officers and firefighters, in what the White House described as the first expansion of such benefits in 20 years.

President Joe Biden has signed into law a measure that boosts Social Security payments for current and former public employees.

President Joe Biden signed a measure into law on Sunday that boosts Social Security retirement payments to some retirees who draw public pensions, such as former police officers and firefighters, in what the White House described as the first expansion of such benefits in 20 years.