Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -AssetBase
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 12:52:51
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! (7512)
Related
- Current, future North Carolina governor’s challenge of power
- Perdue recalls 167,000 pounds of chicken nuggets after consumers find metal wire in some packages
- As political convention comes to Chicago, residents, leaders and activists vie for the spotlight
- Make eye exams part of the back-to-school checklist. Your kids and their teachers will thank you
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Little League World Series: Live updates from Sunday elimination games
- NASCAR at Michigan 2024: Start time, TV, streaming, lineup for FireKeepers Casino 400
- Watch: Dallas Cowboys kicker Brandon Aubrey nails 66-yard field goal
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- White woman convicted of manslaughter in fatal shooting of Black neighbor
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- 2.9 billion records, including Social Security numbers, stolen in data hack: What to know
- Key police testimony caps first week of ex-politician’s trial in Las Vegas reporter’s death
- Hundreds of miles away, Hurricane Ernesto still affects US beaches with rip currents, house collapse
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Greenidge Sues New York State Environmental Regulators, Seeking to Continue Operating Its Dresden Power Plant
- New York's beloved bodega cats bring sense of calm to fast-paced city
- A Kansas high school football player dies from a medical emergency. It's the 3rd case this month.
Recommendation
The White House is cracking down on overdraft fees
Dakota Johnson Confirms Chris Martin Relationship Status Amid Breakup Rumors
Pumpkin spice: Fall flavor permeates everything from pies to puppy treats
A Kansas high school football player dies from a medical emergency. It's the 3rd case this month.
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Sofia Isella opens for Taylor Swift, says she's 'everything you would hope she'd be'
Fire breaks out at London’s Somerset House, home to priceless works by Van Gogh, Cezanne
John Aprea, The Godfather Part II Star, Dead at 83