Current:Home > MySenate 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 10:03:26
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! (15)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Judge limits Biden administration's contact with social media companies
- RHOC's Tamra Judge Reveals Where She and Shannon Beador Stand After Huge Reconciliation Fight
- In a Warming World, Hurricanes Weaken More Slowly After They Hit Land
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Video shows people running during Baltimore mass shooting that left 2 dead and 28 wounded
- Fearing for Its Future, a Big Utility Pushes ‘Renewable Gas,’ Urges Cities to Reject Electrification
- Tips to help dogs during fireworks on the Fourth of July
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Hurricane Irma’s Overlooked Victims: Migrant Farm Workers Living at the Edge
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Selma Blair, Sarah Michelle Gellar and More React to Shannen Doherty's Cancer Update
- These On-Sale Amazon Shorts Have 12,000+ 5-Star Ratings— & Reviewers Say They're So Comfortable
- Anna Marie Tendler Reflects on Her Mental Health “Breakdown” Amid Divorce From John Mulaney
- Retirement planning: 3 crucial moves everyone should make before 2025
- Climate Change Will Hit Southern Poor Hardest, U.S. Economic Analysis Shows
- UPS workers edge closer to strike as union negotiations stall
- Despite soaring prices, flexible travelers can find budget-friendly ways to enjoy summer getaways
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Judge made lip-synching TikTok videos at work with graphic sexual references and racist terms, complaint alleges
Here's why insurance companies might increase premiums soon
How Anthony Bourdain's Raw Honesty Made His Demons Part of His Appeal
Nevada attorney general revives 2020 fake electors case
Beyond Standing Rock: Environmental Justice Suffered Setbacks in 2017
After Dylan Mulvaney backlash, Bud Light releases grunts ad with Kansas City Chiefs' Travis Kelce
The 10 Best Weekend Sales to Shop Right Now: Dyson, Coach Outlet, Charlotte Tilbury & More