Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -InvestTomorrow
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 14:40:58
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! (67899)
Related
- Stamford Road collision sends motorcyclist flying; driver arrested
- After years of unrest, Commanders have reinvented their culture and shattered expectations
- Florida man’s US charges upgraded to killing his estranged wife in Spain
- College football Week 12 expert picks for every Top 25 game include SEC showdowns
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Ford agrees to pay up to $165 million penalty to US government for moving too slowly on recalls
- RHOBH's Erika Jayne Reveals Which Team She's on Amid Kyle Richards, Dorit Kemsley Feud
- AI could help scale humanitarian responses. But it could also have big downsides
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- What Just Happened to the Idea of Progress?
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Burger King's 'Million Dollar Whopper' finalists: How to try and vote on your favorite
- UFC 309: Jon Jones vs. Stipe Miocic fight card, odds, how to watch, date
- West Virginia expands education savings account program for military families
- Former Syrian official arrested in California who oversaw prison charged with torture
- Smithfield agrees to pay $2 million to resolve child labor allegations at Minnesota meat plant
- Dramatic video shows Phoenix police rescue, pull man from car submerged in pool: Watch
- Chris Martin and Gwyneth Paltrow's Son Moses Martin Reveals His Singing Talents at Concert
Recommendation
B.A. Parker is learning the banjo
Bodyless head washes ashore on a South Florida beach
Eva Longoria Shares She and Her Family Have Moved Out of the United States
More human remains from Philadelphia’s 1985 MOVE bombing have been found at a museum
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Japan to resume V-22 flights after inquiry finds pilot error caused accident
Golden Bachelorette: Joan Vassos Gets Engaged During Season Finale
Will Aaron Rodgers retire? Jets QB tells reporters he plans to play in 2025