Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -ProfitClass
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 12:29:40
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! (443)
Related
- Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
- San Francisco’s first Black female mayor concedes to Levi Strauss heir
- Man who smashed door moments before officer killed Capitol rioter gets 8 years in prison
- Trump victory spurs worry among migrants abroad, but it’s not expected to halt migration
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- NY YouTuber 1Stockf30 dies in fatal car crash 'at a high rate of speed': Police
- Brianna Chickenfry LaPaglia Says Ex Zach Bryan Offered Her $12 Million NDA After Their Breakup
- NYC police search for a gunman who wounded a man before fleeing into the subway system
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Jeopardy! Clue Shades Travis Kelce's Relationship With Taylor Swift
Ranking
- The Daily Money: Spending more on holiday travel?
- Send in the clones: 2 black-footed ferret babies born to cloned mom for the first time
- Mikey Madison wanted to do sex work 'justice' in 'Anora.' An Oscar could be next.
- Nigerian man arrested upon landing in Houston in alleged romance fraud that netted millions
- Family of explorer who died in the Titan sub implosion seeks $50M-plus in wrongful death lawsuit
- Liam Payne Death Case: Authorities Rule Out Suicide
- Golden State Warriors 'couldn't ask for anything more' with hot start to NBA season
- Llamas on the loose on Utah train tracks after escaping owner
Recommendation
Breaking debut in Olympics raises question: Are breakers artists or athletes?
Hungary’s Orbán predicts Trump’s administration will end US support for Ukraine
Nigerian man arrested upon landing in Houston in alleged romance fraud that netted millions
New York, several other states won't accept bets on Mike Tyson-Jake Paul fight
Boy who wandered away from his 5th birthday party found dead in canal, police say
Sister Wives' Meri Brown Jokes About Catfishing Scandal While Meeting Christine's Boyfriend
South Carolina, Iowa among five women's college basketball games to watch this weekend
Musk's 'golden ticket': Trump win could hand Tesla billionaire unprecedented power