Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -EquityWise
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 13:17:28
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! (9)
Related
- Louisiana high court temporarily removes Judge Eboni Johnson Rose from Baton Rouge bench amid probe
- Percy Jackson Star Logan Lerman Is Engaged to Ana Corrigan
- Lack of snow, warm conditions lead to 16% drop in Wisconsin opening weekend deer kill
- Analysis: Iran-backed Yemen rebels’ helicopter-borne attack on ship raises risks in crucial Red Sea
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Mars Williams, saxophonist of the Psychedelic Furs and Liquid Soul, dies at 68 from cancer
- In wake of Voting Rights Act ruling, North Dakota to appeal decision that protected tribes’ rights
- Watch this veteran burst into tears when surprised with a life-changing scooter
- Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
- UN warns food aid for 1.4 million refugees in Chad could end over limited funding
Ranking
- Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
- In tears, ex-Trump exec testifies he gave up company job because he was tired of legal woes
- For some Americans, affording rent means giving up traveling home for the holidays
- NATO head says violence in Kosovo unacceptable while calling for constructive dialogue with Serbia
- What to watch: O Jolie night
- 104 years overdue: Book last checked out in 1919 returns to Minnesota library
- Dancing With the Stars' Tribute to Taylor Swift Deserves Its Own Mirrorball Trophy
- The Rolling Stones announce 2024 North American Tour in support of ‘Hackney Diamonds’ album
Recommendation
Police remove gator from pool in North Carolina town: Watch video of 'arrest'
Shakira reaches deal with Spanish prosecutors on first day of tax fraud trial to avoid risk of going to prison
Gold mine collapse in Suriname leaves at least 10 dead, authorities say
Abortion access protection, assault weapons ban to be heard in Virginia’s 2024 legislative session
Louisiana high court temporarily removes Judge Eboni Johnson Rose from Baton Rouge bench amid probe
'Miracle dog' regaining weight after spending 2 months in wilderness by dead owner's side
I thought Lions coach Dan Campbell was a goofy meathead. I am in fact the goofy meathead.
Quiet, secret multimillionaire leaves tiny New Hampshire hometown his fortune