Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -SecureWealth Vault
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 17:29:56
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! (32526)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Wildlife trafficking ring killed at least 118 eagles, prosecutors say
- LL COOL J Reveals the Reason Behind His 10-Year Music Hiatus—And Why The Force Is Worth the Wait
- A Florida county’s plan to turn a historic ship into the world’s largest artificial reef hits a snag
- Arkansas State Police probe death of woman found after officer
- How past three-peat Super Bowl bids have fared: Rundown of teams that tried and failed
- A Florida county’s plan to turn a historic ship into the world’s largest artificial reef hits a snag
- Simon Cowell Reacts to Carrie Underwood Becoming American Idol Judge
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Questions swirl around attempted jailbreak in Congo as families of victims demand accountability
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Patrick Surtain II, Broncos agree to four-year, $96 million extension
- Regulators call for investigation of Shein, Temu, citing reports of 'deadly baby products'
- First and 10: How FSU became FIU, Travis Hunter's NFL future and a Big Red moment
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Damar Hamlin is a Bills starter, feels like himself again 20 months after cardiac arrest
- California settles lawsuit with Sacramento suburb over affordable housing project
- Regulators call for investigation of Shein, Temu, citing reports of 'deadly baby products'
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Lady Gaga's Jaw-Dropping Intricate Headpiece Is the Perfect Illusion
Chargers QB Justin Herbert one of NFL’s best leaders? Jim Harbaugh thinks so
A prosecutor asks for charges to be reinstated against Alec Baldwin in the ‘Rust’ case
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
NFL kickoff rule and Guardian Cap could be game changers for players, fans in 2024
Nvidia, chip stocks waver after previous day's sell-off
The Sweet Way Olivia Culpo and Christian McCaffrey Stay Connected During the NFL Season