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Home World USA

Senate to take final vote on boosting Social Security benefits for many public service retirees

20 December 2024
in USA
Senate to take final vote on boosting Social Security benefits for many public service retirees
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The Senate is set for a final vote on a bipartisan bill to boost Social Security payments for nearly 3 million public employees by eliminating reductions in benefits, despite concerns about straining Social Security Trust Funds. The bill repeals two provisions, adding $195 billion to federal deficits over 10 years and hastening the program’s insolvency date. While opponents acknowledge the unfairness to retirees, they express concerns about the program’s overall sustainability and the strain on the Social Security Administration’s limited resources.

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Tags: benefitsBoostingFinalpublicretireessecuritySenateserviceSocialvote
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