00:00It's Benzinga, and here's what's on the block.
00:03House lawmakers secured enough signatures to force a vote on a bill to eliminate Social
00:07Security rules that reduce benefits for certain retirees with pensions.
00:11The bipartisan Social Security Fairness Act aims to repeal the Windfall Elimination Provision
00:15and Government Pension Offset, which affect nearly 3 million Americans.
00:20In a press conference, lawmakers highlighted the unfair impact of these rules on police,
00:24firefighters, teachers, and other public employees.
00:27The Congressional Budget Office estimates that repealing the Social Security rule would
00:31cost $196 billion over 10 years, further straining the program's trust fund, which is projected
00:36to run out by 2035.
00:38For all things money, visit Benzinga.com.
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