Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -WealthSphere Pro
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-12 15:49:42
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! (6943)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Russian foreign minister lambastes the West but barely mentions Ukraine in UN speech
- Indianapolis police wound 2 robbery suspects after 1 suspect fires at pursuing officers
- USWNT making best out of Olympic preparation despite coach, team in limbo
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- How the UAW strikes could impact car shoppers
- Bo Nix, No. 10 Oregon slam brakes on Coach Prime’s ‘Cinderella story’ with a 42-6 rout of Colorado
- Does Congress get paid during a government shutdown?
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- 2 dead, 2 hurt following early morning shooting at Oahu boat harbor
Ranking
- Buckingham Palace staff under investigation for 'bar brawl'
- Kelly Clarkson's 9-year-old daughter River Rose sings on new song 'You Don't Make Me Cry': Listen
- League of Legends, other esports join Asian Games in competition for the first time
- Not RoboCop, but a new robot is patrolling New York's Times Square subway station
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- A concert audience of houseplants? A new kids' book tells the surprisingly true tale
- How Backstreet Boys' AJ McLean Really Feels About His Daughter Being an *NSYNC Fan
- No. 3 Florida State ends Death Valley drought with defeat of No. 23 Clemson
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Tropical Storm Ophelia barrels across North Carolina with heavy rain and strong winds
A landslide in Sweden causes a huge sinkhole on a highway and 3 are injured when cars crash
How North Carolina farmers are selling their grapes for more than a dollar per grape
$73.5M beach replenishment project starts in January at Jersey Shore
Russian foreign minister lambastes the West but barely mentions Ukraine in UN speech
Canadian police officer slain, two officers injured while serving arrest warrant in Vancouver suburb
One Kosovo police officer killed and another wounded in an attack in the north, raising tensions