Loading...
Market
Main focus of congressional hearings on Social Security in 2025?
2
Joe Biden•Social Security Fairness Act•Social Security•Windfall Elimination Provision•WEP•Government Pension Offset•Congress•White House•Social Security Trust Funds
Resolution / Starting Odds
Social Security Fairness Act impacts • 25%
Social Security Trust Fund solvency • 25%
Social Security fraud prevention • 25%
Other • 25%
Congressional hearing records and news reports
Story
Biden Signs Social Security Fairness Act, Repeals WEP and GPO to Boost Benefits
Jan 5, 2025, 11:02 PM
President Joe Biden has signed the Social Security Fairness Act into law on Sunday, providing increased Social Security payments to nearly 3 million current and former public employees, including teachers, firefighters, police officers, and other public servants. The legislation repeals the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which had previously reduced benefits for individuals receiving both a public pension and Social Security benefits. This marks the first expansion of Social Security benefits in over 20 years and comes after decades of advocacy. Members of Congress attended the signing ceremony at the White House. While supporters applaud the correction of a decades-old disparity, critics express concerns that the law may strain the Social Security Trust Funds, which face a looming insolvency crisis.
View original story
Similar markets
Other • 25%
Adjusting benefits • 25%
Raising retirement age • 25%
Increasing payroll taxes • 25%
Fairness in benefits distribution • 25%
Impact on state budgets • 25%
Other Concerns • 25%
Increased strain on Social Security Trust Funds • 25%
Rand Paul • 25%
Other • 25%
Cynthia Lummis • 25%
Mike Lee • 25%
Passed • 25%
Rejected • 25%
Tied • 25%
No vote • 25%
Interest Rate Changes • 25%
Loan Forgiveness • 25%
Other • 25%
Repayment Plan Reforms • 25%
Mixed impact • 25%
Favorable to Republicans • 25%
Favorable to Democrats • 25%
No significant impact • 25%
No • 50%
Yes • 50%
Pension indexation revised • 25%
No changes made • 25%
Other budgetary changes • 25%
Multiple changes including pensions • 25%
Neutral • 25%
Mostly Positive • 25%
Mostly Negative • 25%
Mixed • 25%
Debt limit and fiscal responsibility • 25%
Agricultural assistance • 25%
Other spending priorities • 25%
Disaster aid allocation • 25%