The Senate is poised to vote on a bill that would boost Social Security benefits for approximately 3 million individuals by eliminating rules that have long reduced payments for those with public sector pensions. The Social Security Fairness Act faces some opposition due to cost concerns, but proponents argue it corrects an inequity in the system.
As the Senate wraps up its final legislative days for the year, it is expected to vote on a bill that would increase Social Security benefits for about 3 million people.
Tillis said lawmakers are not considering the 97% of beneficiaries who would not benefit from the bill, but who would be hurt by future consequences that passing it would have on the program.Early retirement is a surprise for many workers, study finds The Senators who voted to move the bill forward included a mix of Democrats and Republicans, including Senate Majority Leader Chuck Schumer, D-N.Y., and Vice President-elect and Sen. JD Vance, R-Ohio.Leaders who spoke on the Senate floor in support of the bill ahead of Wednesday's vote to proceed cited the financial suffering of their constituents.
"She did not have the financial security any longer to remain retired, and the GPO penalty left her with few choices but to return to work," Collins said.
SOCIAL SECURITY LEGISLATION BENEFITS SENATE PUBLIC SECTOR PENSIONS
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate begins final push to expand Social Security benefits for millions of peopleThe Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people, setting up potential passage in the…
Read more »
Social Security Fairness Act Clears Key Senate HurdleThe Social Security Fairness Act, which aims to end provisions that reduce federal benefits for individuals receiving other pensions, has passed a key test in the Senate. The bill enjoys bipartisan support but has faced criticism from some conservatives. Supporters hope for a Senate vote before the end of the year, allowing President Biden to sign it into law.
Read more »
Social Security Fairness Act Advances in Senate, Aimed at Ending Pension Windfall PenaltyThe Social Security Fairness Act, which would eliminate provisions that reduce federal benefits for individuals with other pensions, cleared a key hurdle in the Senate. The bipartisan bill aims to address the impact of these policies on workers in state, local, and federal government jobs, as well as teachers, firefighters, and police officers. While facing some criticism from conservatives, the House previously approved the measure, and proponents hope for a Senate vote before the end of the year.
Read more »
Senate to Vote on Social Security Fairness ActThe Senate is set to vote on a bill that would eliminate certain Social Security rules that reduce benefits for some public workers.
Read more »
Senate begins final push to expand Social Security benefits for millions of peopleThe Senate is pushing toward a vote on legislation that would provide full Social Security benefits to millions of people.
Read more »
Senate Faces Tight Deadline to Pass Social Security Fairness ActThe Senate is racing against time to pass the Social Security Fairness Act, a bill aimed at providing full benefits to millions of Americans, before the end of the year. Key Republicans are raising concerns about the bill's cost and suggesting it be addressed during broader tax or financial reform.
Read more »