Current:Home > FinanceSenate 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:2025-04-12 16:51:14
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! (6394)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- If you mute Diddy songs, what about his hits with Mary J. Blige, Mariah, J. Lo and more?
- Guardians tame Tigers to force winner-take-all ALDS Game 5
- 49ers run over Seahawks on 'Thursday Night Football': Highlights
- All That You Wanted to Know About She’s All That
- Dove Cameron Shares Topless Photo
- Taylor Swift donates $5 million toward hurricane relief efforts
- Florida power outage map: 2.2 million in the dark as Milton enters Atlantic
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Tech CEO Justin Bingham Dead at 40 After 200-Ft. Fall at National Park in Utah
Ranking
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- How many points did Bronny James score tonight? Lakers-Bucks preseason box score
- Why Milton’s ‘reverse surge’ sucked water away from flood-fearing Tampa
- TikToker Taylor Rousseau Grigg's Cause of Death Revealed
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- How to Really Pronounce Florence Pugh's Last Name
- A Mississippi officer used excessive force against a man he arrested, prosecutors say
- BrucePac recalls 10 million pounds of ready-to-eat meat: See list of 75 products affected
Recommendation
Meta donates $1 million to Trump’s inauguration fund
Rihanna Reveals What Her Signature Scent Really Is
US House control teeters on the unlikely battleground of heavily Democratic California
10 players to buy low and sell high: Fantasy football Week 6
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Residents clean up and figure out what’s next after Milton
Jets new coach Jeff Ulbrich puts Todd Downing, not Nathaniel Hackett, in charge of offense
Blake Lively and Ryan Reynolds Donate $1 Million to Hurricane Helene and Milton Relief Efforts