Current:Home > InvestSenate 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:2025-04-15 04:47:01
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
- Military service academies see drop in reported sexual assaults after alarming surge
- A man’s death is under investigation after his body was mistaken for a training dummy, police say
- Woman in critical condition after shoved into moving subway train: Police
- New York governor begins trip in Israel, plans to meet families
- Why members of two of EPA's influential science advisory committees were let go
- Raquel Leviss Raised a Surprising Amount of Money From Scandoval Necklace & Hoodie
- Europol says Islamist terrorism remains the biggest terror threat to Western Europe
- Magnitude 4.2 earthquake in Northern California triggers ShakeAlert in Bay Area
- Louvre will undergo expansion and restoration project, Macron says
- A sweeping gun bill aimed at tightening firearm laws passes in the Massachusetts House
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Pregnant Kourtney Kardashian & Travis Barker Have True Romance Date Night With Lavish Roses
- What we know about the deadly blast on the Al Ahli Arab Hospital in Gaza
- U.S. to create new immigration program for Ecuadorians aimed at discouraging border crossings
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Florida GameStop employee fatally shot a fleeing shoplifter stealing Pokemon cards, police say
- Woman becomes Israeli folk hero for plying Hamas militants with snacks until rescue mission arrives
- More arrests to be announced in shooting that killed a Philadelphia police officer, authorities say
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Hospital systems Ascension and Henry Ford Health plan joint venture
Japan’s exports rise and imports decline in September as auto shipments to US and Europe climb
New York governor begins trip in Israel, plans to meet families
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Lawsuit dropped after school board changes course, adopts Youngkin’s transgender student policy
Neymar’s next chapter is off to a difficult start as Ronaldo and Messi continue to lead the way
Tupac murder suspect Duane Davis set to appear in court