The Senate approves a bill to strengthen social security for public sector employees

The Senate approves a bill to strengthen social security for public sector employees

In one of its final moves before the holiday recess, the Senate passed a bipartisan bill early Saturday that would increase Social Security benefits for millions of public workers.

The chamber approved House Resolution 82, the Social Security Fairness Act, by a vote of 76-20. All 20 no votes were from Senate Republicans. The bill was previously passed by the House of Representatives with a majority of 327 votes to 76.

With approval from the House and Senate, it goes to President Joe Biden to sign the bill.

Supporters of the bill say nearly 2.8 million public workers, including teachers, police officers and others in government, would be eligible for higher Social Security benefits when they retire.

RELATED STORY | Medicare premiums will rise again in 2025. Here’s what you need to know

If President Biden signs it, the bill would eliminate the Windfall Elimination Provision and federal pension compensation for government employees. The Windfall Elimination Provision reduces Social Security benefits for someone who also receives a state pension from a job not covered by Social Security.

State pension equalization reduces a spouse’s Social Security benefits by two-thirds of an employee’s state pension.

The National Active and Retired Federal Employees Association was among numerous organizations that supported the legislation.

“Congress’s passage of the bill is a historic victory for the National Active and Retired Federal Employees Association, which has advocated for WEP and GPO repeal for 40 years. It will provide significant financial relief to federal retirees who have been unfairly penalized for their work.” “We have been in public service for decades,” the organization said in a statement Saturday.

The conservative-leaning nonprofit Club for Growth urged lawmakers to vote against the bill, citing a rise in the federal deficit.

RELATED STORY | The Social Security Administration announces cost of living increases for 2025

“These two provisions are intended to preserve the integrity of the social security system on which so many seniors rely by ensuring that individuals and their spouses who have worked in jobs have not made contributions to the Old Age and Survivors Insurance Trust Fund and “Pensions from these jobs do not threaten the solvency of Social Security,” the group said.

The Congressional Budget Office estimates that the bill would increase the deficit by $195.6 billion over the next decade if signed by President Biden0.

Leave a Reply

Your email address will not be published. Required fields are marked *