Biden Unveils Major Boost to Social Security for Retired Teachers and Public Workers

WASHINGTON — President Joe Biden has signed bipartisan legislation that expands Social Security benefits for over 2 million Americans. This new law, passed by Congress late last year, represents a significant development in social policy.

During the signing ceremony, Biden emphasized the immediate impact for beneficiaries. “By signing this bill, we’re extending Social Security benefits for millions of teachers and other public employees, as well as their spouses and survivors,” he stated. Recipients can expect an average monthly increase of $360, a substantial boost for many households.

The legislation ensures that those covered will receive a lump sum payment to compensate for previously reduced benefits set for 2024, amounting to thousands of dollars for eligible individuals. The House supported the bill with a vote of 327-75 in November, followed by the Senate’s approval of 76-20 in December.

Central to this new law is the elimination of the windfall elimination provision and the government pension offset, both of which have negatively impacted Americans’ Social Security benefits for decades. Maine Republican Senator Susan Collins highlighted this achievement, calling it a victory for countless advocates who fought for justice within the system. “This law ensures that public service will no longer come at the expense of one’s earned retirement benefits,” she remarked.

Former U.S. Representative Abigail Spanberger, also present in the discussions leading to this legislation, acknowledged the long-awaited change. “Our retired police officers, firefighters, teachers, and public employees worked for DECADES to right this wrong,” she shared on social media.

While the expansion of benefits is estimated to cost $195.65 billion over the next decade, the Congressional Budget Office (CBO) has warned that it may accelerate the program’s insolvency by approximately six months. CBO Director Phillip L. Swagel noted that this could result in the Old-Age and Survivors Insurance trust fund being depleted as early as fiscal year 2033.

Notable members of Congress attended the signing ceremony, including Senators and Representatives from both parties, showcasing a rare moment of collaboration in a polarized political environment. This legislation marks a defining moment in Biden’s presidency as he prepares for the transition of power on January 20, when President-elect Donald Trump will assume office.

Last updated 10:30 a.m., Jan. 6, 2025