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Social Security Fairness Act: Boosting Benefits Amid Funding Concerns

1/26/2026

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Summary

Story summary

Over 50 million U.S. retirees rely on Social Security, which provides an average monthly benefit of $2,071.
The Social Security Fairness Act of 2026 repeals provisions reducing benefits for public sector workers, potentially increasing payments for 2.8 million beneficiaries.
The OASI Trust Fund could deplete by 2033, risking a 23% benefits cut unless payroll tax or retirement-age reforms occur.

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Story summary

Over 50 million U.S. retirees rely on Social Security, which provides an average monthly benefit of $2,071.
The Social Security Fairness Act of 2026 repeals provisions reducing benefits for public sector workers, potentially increasing payments for 2.8 million beneficiaries.
The OASI Trust Fund could deplete by 2033, risking a 23% benefits cut unless payroll tax or retirement-age reforms occur.