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 11:24:55
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! (375)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Aid workers killed in Israeli strike honored at National Cathedral; Andrés demands answers
- Early voting begins for North Carolina primary runoff races
- Net neutrality restored as FCC votes to regulate internet providers
- Questlove charts 50 years of SNL musical hits (and misses)
- Jack Wagoner, attorney who challenged Arkansas’ same-sex marriage ban, dies
- Suspect in fatal shooting of ex-Saints player Will Smith sentenced to 25 years in prison
- Building at end of Southern California pier catches fire, sending smoke billowing onto beach
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Usher says his son stole his phone to message 'favorite' singer, met her at concert
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- NFL draft trade tracker: Full list of deals; Minnesota Vikings make two big moves
- New reporting requirements for life-saving abortions worry some Texas doctors
- NFL draft trade tracker: Full list of deals; Minnesota Vikings make two big moves
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Nick and Aaron Carter doc announced by 'Quiet on Set' network: See the trailer
- GOP mulls next move after Kansas governor vetoes effort to help Texas in border security fight
- Man, dog disappear in Grand Canyon after apparently taking homemade raft on Colorado River
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Federal judge temporarily blocks confusing Montana voter registration law
Aid workers killed in Israeli strike honored at National Cathedral; Andrés demands answers
Here's the truth about hoarding disorder – and how to help someone
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Kim Petras cancels summer festival appearances due to 'health issues'
Bears have prime opportunity to pick a superstar receiver in draft for Caleb Williams
Camila and Matthew McConaughey's 3 Kids Look All Grown Up at Rare Red Carpet Appearance