Millions of retirees will see an increase in Social Security benefits after President Joe Biden signed a bill. Here's how benefits will change.

President Joe Biden is set to sign the Social Security Fairness Act (H.R. 82) this Monday, a landmark reform aimed at rectifying long-standing provisions that have reduced retirement benefits for public employees in the United States and Puerto Rico.

With President Joe Biden signing a bill over the weekend to improve Social Security benefits for millions of public sector workers, many Americans may be wondering if they qualify for what the White House is calling the first expansion of such assistance in 20 years.

President Joe Biden signed into law a bill that will increase Social Security benefits for millions of Americans -- in a rare public bill signing. Bloomberg's Suzanne Woolley discusses the bill and what the future of Social Security may look like under President-Elect Trump.