Social Security Fairness Act Quiz

What is the primary aim of the Social Security Fairness Act?

• To reduce the retirement age for public servants

• To introduce new penalties for retirees

• To increase taxes for public servants

• To repeal penalties affecting Social Security benefits for public servants

What are the WEP and GPO designed to prevent?

• Double dipping in Social Security benefits

• Increased retirement age

• Higher taxes for public servants

• Reduction in pension amounts

How did the House of Representatives vote on the Social Security Fairness Act?

• Unanimously against

• Unanimously in favor

• 327 to 75 in favor

• 327 to 75 against

What is a potential benefit of the Social Security Fairness Act for retirees?

• Reduced pension amounts

• Increased taxes

• Hundreds or thousands of dollars more per month

• Delayed retirement age

What is a major concern critics have about repealing the WEP and GPO?

• It will add strain to Social Security's finances

• It will increase the retirement age

• It will decrease public sector pensions

• It will lead to higher taxes for retirees

What is one alternative proposal to the Social Security Fairness Act?

• Reducing public sector pensions

• Introducing a new formula for calculating benefits

• Increasing the retirement age

• Eliminating all Social Security benefits

What is the next step for the Social Security Fairness Act after passing the House?

• It is sent back to the House for revision

• It heads to the Senate for consideration

• It is implemented immediately

• It goes to the President for approval

How many Senators are co-sponsoring the bill, indicating strong support?

• 100 Senators

• 50 Senators

• 62 Senators

• 75 Senators

What should individuals do to find out if they are affected by the changes in the bill?

• Consult their local government office

• Review their Social Security statements and speak with their pension administrator

• Wait for a notification from the government

• Contact their local police department

What is a key challenge in getting the bill passed in the Senate?

• Lack of public support

• Senate leadership prioritizing other issues

• Insufficient number of co-sponsors

• Opposition from the President