While leaving, Biden made the government employees ‘battle’, increased the pension by making a law

Joe Biden News: The tenure of US President Joe Biden is going to end this month. In his/her place, the new President Donald Trump is going to take charge of America, who will take oath on January 20. Biden has given a big gift to retired government employees before the end of his/her tenure. he/she has implemented a new law to increase the pension, which will increase the pension amount. President Joe Biden has signed the ‘Social Security Fairness Act’ law.
This law will increase the retirement pension of retired government employees, such as teachers, firefighters and policemen. The new law will remove two old rules named WEP and GPO. These rules previously reduced the Social Security payments of people receiving government pensions. This legislation has been passed unanimously by both chambers, which include the House and the Senate. Its purpose is to make the social security system more equitable.

How much will the pension increase?

President Joe Biden said, “Those who have worked hard all their lives deserve to retire with dignity and economic security.” he/she said this while signing the law at the White House. With this new law, the monthly pension of more than 25 lakh retired people will increase by an average of $ 360. Those whose payments were reduced earlier will also get their dues from December 2023 onwards. This is a big change that is going to positively impact the lives of millions of people.

‘The Social Security Fairness Act has also brought great relief to those widows and widowers whose benefits were reduced after the death of their spouses. Now their allowance will also increase. Some households could see their monthly payments increase by an average of $1,190 by 2025. This law is also a major victory for public sector unions, who had campaigned for years to end these unfair provisions. It is also important to note that this new law applies only to certain government jobs. So check whether you also come under its purview or not.