P.M. BRIEFING : Senate Votes to Let Social Security Recipients Keep More of Benefits
The Senate, heading for final passage of a bill that would increase the minimum wage, voted today to let working Social Security recipients keep more of their benefits.
The Senate approved an amendment to the minimum wage legislation increasing by about $1,000, from the current $8,880, the amount that a person on Social Security can earn before benefits are cut. The vote was 86 to 11.
Benefits for those earning more than the government’s established ceiling are now cut $1 for every $2 of pay. That ratio is set to change to 1-3 in 1990.
The amendment offered by Sen. William L. Armstrong (R-Colo.) was the first of about 20 facing the minimum wage bill. The overall package is expected to pass late today or Thursday, bound for a conference committee for minor reconciliations with an almost identical House-passed version.
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