The Senate has passed a bipartisan bill to boost Social Security payments for millions of public service retirees, including teachers, firefighters, and police officers. This legislation aims to eliminate longtime reductions to Social Security benefits for nearly 3 million people who receive pensions from work in federal, state, and local government. Senate Majority Leader Chuck Schumer praised the bill.
Schumer said it’s a significant victory for public service retirees who have waited decades for this moment. Consequently, the bill will boost Social Security payments for millions of retirees. Furthermore, Sen. Sherrod Brown added that Social Security is a bedrock of the middle class.
The bill repeals two provisions that limit social security benefits for certain recipients. Meanwhile, advocates say this rights a decades-old disparity. However, the Congressional Budget Office estimates the bill will add $195 billion to federal deficits over 10 years.
The Senate Passes Social Security Boost is a significant milestone for public service retirees. The bill’s package marks a major victory for retirees who have fought for years to eliminate the reductions to their Social Security Benefits.
The bill’s impact will be felt by millions of retirees across the country. Retirees will see a significant increase in their Social Security Payments. Additionally, the bill’s passage is a testament to the power of bipartisan cooperation in Congress.
The bill now heads to President Joe Biden for signature, marking the final step in a decades-long effort to eliminate the unfair reductions in Social Security benefits for public service retirees. Once signed, the bill will bring relief to millions of retirees, providing them with a more secure financial future and a well-deserved increase in their Social Security benefits.
This news story was originally published by Alaska’s News Source.
