Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -VisionFunds
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 11:17:26
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! (7475)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Ranking
- Why members of two of EPA's influential science advisory committees were let go
- Why members of two of EPA's influential science advisory committees were let go
- Military service academies see drop in reported sexual assaults after alarming surge
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Recommendation
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
2025 'Doomsday Clock': This is how close we are to self
The Super Bowl could end in a 'three
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Nevada attorney general revives 2020 fake electors case
Trump issues order to ban transgender troops from serving openly in the military