Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -FinanceCore
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 09:39:52
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! (56199)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Realtor.com adds climate change risk features; 40% of US homes show risks of heat, wind, air quality
- Michigan woman’s handpicked numbers win $1M on Powerball. She found out on Facebook.
- Elijah Vue: What to know about the missing Wisconsin 3 year old last seen in February
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Elijah Vue: What to know about the missing Wisconsin 3 year old last seen in February
- Montana man used animal tissue and testicles to breed ‘giant’ sheep for sale to hunting preserves
- Stolen calculators? 2 men arrested in Minnesota, police add up that it may be a theft ring
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Indianapolis Colts sign 2023 comeback player of the year Joe Flacco as backup quarterback
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Neti pots, nasal rinsing linked to another dangerous amoeba. Here's what to know.
- Los Angeles Chargers' Joe Hortiz, Jim Harbaugh pass first difficult test
- 3 men face firearms charges after Kansas City Chiefs Super Bowl parade shooting, authorities say
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Eli Lilly teams with Amazon to offer home delivery of its Zepbound weight-loss drug
- Judge dismisses suit by Georgia slave descendants over technical errors. Lawyers vow to try again
- Lionel Messi follows up Luis Suárez's tally with goal of his own for Inter Miami
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
10 lies scammers tell to separate you from your money
Hunter Biden declines GOP invitation to testify publicly before House committee
Cities on both coasts struggled to remain above water this winter as sea levels rise
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
1 dead and 1 missing after kayak overturns on Connecticut lake
How Chinese is TikTok? US lawmakers see it as China’s tool, even as it distances itself from Beijing
Psst! Your Fave Brands Now Have Wedding Dresses & Bridal Gowns—Shop From Abercrombie, Reformation & More