Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -FinanceAcademy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 10:09:58
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! (192)
Related
- Could your smelly farts help science?
- Kate Middleton Reigns Supreme in Dramatic Red Caped Dress
- Turkey rules the table. But a poll finds disagreement over other Thanksgiving classics
- 'Karate Kid' stars Ralph Macchio, Jackie Chan join forces for first joint film: 'Big news'
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- 65-year-old hiker dies on popular Grand Canyon trail trying to complete hike
- 'Napoleon' has big battles and a complicated marriage
- Germany’s defense minister is the latest foreign official to visit Kyiv and vow more aid for Ukraine
- North Carolina justices rule for restaurants in COVID
- Israeli troops battle militants across north Gaza, which has been without power or water for weeks
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Chicago prepares for Macy's parade performance, summer tour with EWF: 'We're relentless'
- Judge rules rapper A$AP Rocky must stand trial on felony charges he fired gun at former friend
- 104 years overdue: Book last checked out in 1919 returns to Minnesota library
- Stamford Road collision sends motorcyclist flying; driver arrested
- Niger’s junta asks West Africa’s court to compel neighbors to lift coup sanctions, citing hardship
- Toyota's lending unit stuck drivers with extra costs and knowingly tarnished their credit reports
- Steelers fire offensive coordinator Matt Canada as offensive woes persist
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
The Rolling Stones are going back on tour: How to get tickets to the 16 stadium dates
Gum chewing enrages her — and she’s not alone. What’s misophonia?
Taylor Swift Shakes Off Wardrobe Malfunction by Throwing Broken Louboutin Heel Into Eras Tour Crowd
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Germany’s defense minister is the latest foreign official to visit Kyiv and vow more aid for Ukraine
Democratic division blocks effort to end Michigan’s 24-hour wait for an abortion
Suspect fires at Southern California deputies and is fatally shot as home burns, authorities say