#public-sector-pensions

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from24/7 Wall St.
3 days ago

Congress Quietly Changed a Social Security Rule in 2026 and Most Retirees Haven't Noticed

The Social Security Fairness Act, signed on January 5, 2025, eliminated two reductions known as the Windfall Elimination Provision and the Government Pension Offset. In plain terms: if you received a pension from a job that did not pay into Social Security, such as many state and local government positions, those provisions had been cutting your Social Security benefit, sometimes dramatically. Now they cannot.
Retirement
UK politics
fromwww.theguardian.com
4 months ago

Reform's public-sector pensions plan could cost billions extra, union warns

Proposed switch of public-sector pensions from defined benefit to defined contribution could increase annual costs by billions and worsen long-term public finances.
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