Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -WealthSphere Pro
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 01:35:50
WASHINGTON (AP) — The Senate is pushing toward a vote on legislation that would provide full Social Security benefitsto millions of people, setting up potential passage in the final days of the lame-duck Congress.
Senate Majority Leader Chuck Schumer, D-N.Y., said Thursday he would begin the process for a final vote on the bill, known as the Social Security Fairness Act, which would eliminate policies that currently limit Social Security payouts for roughly 2.8 million people.
Schumer said the bill would “ensure Americans are not erroneously denied their well-earned Social Security benefits simply because they chose at some point to work in their careers in public service.”
The legislation passed the House on a bipartisan vote, and a Senate version of the bill introduced last year gained 62 cosponsors. But the bill still needs support from at least 60 senators to pass Congress. It would then head to President Biden.
Decades in the making, the bill would repeal two federal policies — the Windfall Elimination Provision and the Government Pension Offset — that broadly reduce payments to two groups of Social Security recipients: people who also receive a pension from a job that is not covered by Social Security and surviving spouses of Social Security recipients who receive a government pension of their own.
The bill would add more strain on the Social Security Trust funds, which were already estimated to be unable to pay out full benefits beginning in 2035. It would add an estimated $195 billion to federal deficits over 10 years, according to the Congressional Budget Office.
Conservatives have opposed the bill, decrying its cost. But at the same time, some Republicans have pushed Schumer to bring it up for a vote.
Sen. Bill Cassidy, R-La., said last month that the current federal limitations “penalize families across the country who worked a public service job for part of their career with a separate pension. We’re talking about police officers, firefighters, teachers, and other public employees who are punished for serving their communities.”
He predicted the bill would pass.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (11)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- 'The Nun 2' spoilers! What that post-credits scene teases for 'The Conjuring' future
- Turkey cave rescue of American Mark Dickey like Himalayan Mountain climbing underground, friend says
- 5 former London police officers admit sending racist messages about Meghan, Duchess of Sussex, other royals
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- For Deion Sanders and Shedeur Sanders, Colorado's defeat of Nebraska was 'personal'
- Pee-wee Herman Actor Paul Reubens' Cause of Death Revealed
- Ashton Kutcher, Mila Kunis address criticism for sending character reference letters in Danny Masterson case
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- New Mexico governor issues order suspending the right to carry firearms in Albuquerque
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- 'Great gesture' or 'these really are awful?' Readers are divided over the new Walmart cart
- NASCAR Kansas playoff race 2023: Start time, TV, streaming, lineup for Hollywood Casino 400
- Turkey cave rescue of American Mark Dickey like Himalayan Mountain climbing underground, friend says
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- What to know about the Morocco earthquake and the efforts to help
- Europe’s economic outlook worsens as high prices plague consumer spending
- Stock market today: Asian shares mostly higher as investors await US inflation, China economic data
Recommendation
Trump issues order to ban transgender troops from serving openly in the military
Niger junta accuses France of amassing forces for a military intervention after the coup in July
Lauren Groff has a go bag and says so should you
Kim Jong Un departs Pyongyang en route to Russia, South Korean official says
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Some authors will need to tell Amazon if their book used AI material
Google faces off with the Justice Department in antitrust showdown: Here’s everything we know
Greece’s shipping minister resigns a week after a passenger pushed off a ferry ramp drowns