New law boosts Social Security benefits for public employees

Nearly three million Americans will be getting a boost in their Social Security benefits. President Biden signed into law a bipartisan measure that increases Social Security payments for current and former public employees. It will boost benefits for recipients, such as teachers and firefighters, who get retirement payments from other sources. Advocates say the Social Security Fairness Act rights a decades-old disparity. But it will also put strain on Social Security Trust Funds, which face a looming insolvency crisis.