According to CBS News, Biden told a gathering at the White House that signing the Social Security Fairness Act would provide financial relief to millions of Americans who worked much of their lives and are entitled to these benefits.

“Americans who have worked hard all their life to make an honest living should be able to retire with economic security and dignity,” Biden said, emphasizing that more than 2.5 million Social Security recipients would receive a $360 increase to their monthly benefits.

“That’s a big deal in middle-class households like the one I grew up in and many of you did,” the president added.

What else to know about the legislation

The payees will also receive thousands of dollars in back pay that they should have received as part of their benefits in 2024, per CBS News.

As Blavity reported, the Senate had planned to vote on Social Security changes for millions of recipients in December, before a new Congressional majority takes office in just a few weeks.

Senate Majority Leader Chuck Schumer, D-N.Y., was one of the leading representatives in the fight for Social Security benefits for government workers like firefighters, police officers and teachers.

The legislation gained stronger support from Democrats, with few Republicans opposing

The latest move repealed the Windfall Elimination Provision and Government Pension Offset, which blocked over 2 million government workers from receiving their benefits.

While the new legislation received bipartisan support in the House, it was ultimately up to the Senate to pass it into law. Democrats were entirely on board with the bill, but some Republicans opposed it due to high costs.

Congress will also implement new changes to the Social Security guidelines for 2025, which will change the age of eligibility to receive benefits.