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The US Senate passed a bipartisan bill early Saturday to increase Social Security benefits for close to 3 million federal, state and local public sector workers, which includes firefighters, police officers and teachers. If the legislation is signed into law by President Joe Biden, it would apply to all benefits payable after December 2023. The Social Security Fairness Act — which already passed the House with overwhelming bipartisan support in November — eliminates two policies that have reduced Social Security benefits for public service employees. “The GPO reduces the spousal or surviving spousal benefits of people who receive pensions on the basis of noncovered employment,” CBO noted. Read more about the Social Security act.
Persons: Joe Biden, Read Organizations: Senate, Social Security, Congressional, Office, CBO, Social
During a special election in Wisconsin over the summer, a group of partisan poll watchers showed up at a handful of precincts in Glendale, a suburb of Milwaukee, and created chaos by contesting every absentee ballot that was cast. After they were reminded repeatedly about the rules against making meritless ballot challenges, the groups of poll watchers “turned disruptive,” according to Glendale Mayor Bryan Kennedy. They didn’t, and the police were called,” Kennedy told CNN, adding that once police arrived, the observers left peacefully. Some context: Poll watchers are a key component of election transparency, and both Democrats and Republicans have built out their ranks of volunteers and lawyers to observe polling places and vote counting centers. Read more about how election workers are preparing for poll watchers here.
Persons: , Glendale Mayor Bryan Kennedy, ” Kennedy, , Trump, Joe Biden —, Read Organizations: Glendale Mayor, CNN, Republicans, battlegrounds Locations: Wisconsin, Glendale, Milwaukee
mapodile/E+/Getty ImagesFor individual investors, the quick-turn global rout in stocks on Monday was unsettling, even with news Tuesday that there is somewhat of a bounce-back going on. But if you’re investing in a 401(k), daily market dramas are no reason to take dramatic actions with your portfolio. Andy Smith, executive director of financial planning at Edelman Financial Engines, puts it this way: “Separate your emotion from your money. Say you set up a portfolio of 70% stocks and 30% bonds but now it’s morphed into a 60/40 portfolio. And remind yourself periodically that even bear markets have not stopped the long-term increases in stocks over time.
Persons: you’re, ” Quincy Krosby, Andy Smith, it’s, Smith Organizations: LPL, Edelman
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