Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -NextGenWealth
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 14:32:04
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! (66)
Related
- Bodycam footage shows high
- John Stamos says he's 'afraid' to think of how Bob Saget would react to new memoir
- Georgia prosecutors are picking up cooperators in Trump election case. Will it matter?
- Night sweats can be as unsettling as they are inconvenient. Here's what causes them.
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Alaska Airlines flight diverted, off-duty pilot Joseph Emerson arrested for trying to cut engines midflight, officials say
- Gazan refugees stranded in West Bank amid deadly raids, rising settler violence
- The body of a man who was missing after fishing boat sank off Connecticut is recovered
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- North Carolina woman turns her luck around on Friday the 13th with $100,000 lottery win
Ranking
- New data highlights 'achievement gap' for students in the US
- 1 dead, 1 injured after small airplane crashes near Pierre, South Dakota
- Tennessee GOP is willing to reject millions in funding, if it avoids complying with federal strings
- Illinois Gov. Pritzker takes his fight for abortion access national with a new self-funded group
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Horoscopes Today, October 22, 2023
- Horoscopes Today, October 23, 2023
- Mideast scholar Hussein Ibish: Israelis and Palestinians must stop dehumanizing each other
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
García powers Rangers to first World Series since 2011 with 11-4 rout of Astros in Game 7 of ALCS
A radio burst traveled 8 billion years to reach Earth. It's the farthest ever detected.
Titans fire sale? Kevin Byard deal could signal more trade-deadline action for Tennessee
Retirement planning: 3 crucial moves everyone should make before 2025
Migrant bus conditions 'disgusting and inhuman,' says former vet who escorted convoys
Kurt Cobain's Daughter Frances Bean Marries Tony Hawk's Son Riley
Hate crimes in the US: These are the locations where they're most commonly reported