Current:Home > MySenate 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:2025-04-14 04:42:22
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! (83)
Related
- Travis Hunter, the 2
- Mega Millions Winning numbers for March 12 drawing, with $735 million jackpot
- How can you manage stress when talking to higher-ups at work? Ask HR
- Missing Washington state woman found dead in Mexico; man described as suspect arrested
- Rylee Arnold Shares a Long
- Tamron Hall's new book is a compelling thriller, but leaves us wanting more
- 8 children, 1 adult die after eating sea turtle meat in Zanzibar, officials say
- US and Japanese forces to resume Osprey flights in Japan following fatal crash
- Small twin
- Fantasy baseball 2024: Dodgers grab headlines, but many more factors in play
Ranking
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Cop boss says marauding rats are getting high on marijuana at New Orleans police headquarters
- Tamron Hall's new book is a compelling thriller, but leaves us wanting more
- How the Mountain West is in position to equal record with six NCAA tournament bids
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Five most underpaid men's college basketball coaches: Paris, Painter make list
- Republican New Mexico Senate leader won’t seek reelection
- Retired UFC Fighter Mark Coleman in a Coma After Rescuing Parents From House Fire
Recommendation
Grammy nominee Teddy Swims on love, growth and embracing change
Uvalde police chief resigns after outside report clears officers of wrongdoing in shooting
22-year-old TikTok star dies after documenting her battle with a rare form of cancer
Andrew Tate can be extradited to face U.K. sex offense allegations, but not yet, Romania court rules
US appeals court rejects Nasdaq’s diversity rules for company boards
Which eclipse glasses are safe? What to know about scams ahead of April 8 solar eclipse
No, Aaron Rodgers and Robert F. Kennedy Jr., shrooms and Hail Marys do not a VP pick make
Warriors star Steph Curry says he's open to a political career after basketball