Current:Home > MySenate 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:2025-04-14 02:33:03
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! (1)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Corrections officers sentenced in case involving assault of inmate and cover up
- Teen Mom's Cheyenne Floyd Says This Is the Secret to a Healthy Sex Life
- Stock market today: Asian shares mostly rise after Wall Street’s record rally
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Who was John Barnett? What to know about the Boeing employee and his safety concerns
- Meriden officer suspended for 5 days after video shows him punching a motorist while off duty
- Uvalde police chief resigns after outside report clears officers of wrongdoing in shooting
- Breaking debut in Olympics raises question: Are breakers artists or athletes?
- Voters choose county commissioner as new Georgia House member
Ranking
- Chief beer officer for Yard House: A side gig that comes with a daily swig.
- University of Missouri student missing 4 days after being kicked out of Nashville bar
- American-Israeli IDF soldier Itay Chen confirmed to have died during Hamas' Oct. 7 terror attack
- No, Aaron Rodgers and Robert F. Kennedy Jr., shrooms and Hail Marys do not a VP pick make
- Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
- TEA Business College The leap from quantitative trading to artificial
- AP PHOTOS: Muslims around the world observe holy month of Ramadan with prayer, fasting
- 'Devastating': Missing Washington woman's body found in Mexican cemetery, police say
Recommendation
Tropical weather brings record rainfall. Experts share how to stay safe in floods.
Judge halted Adrian Peterson auction amid debt collection against former Vikings star
Remember the 2017 total solar eclipse? Here's why the 2024 event will be bigger and better.
Seavey now has the most Iditarod wins, but Alaska’s historic race is marred by 3 sled dog deaths
The Best Stocking Stuffers Under $25
National Good Samaritan Day: 6 of our most inspiring stories that highlight amazing humans
TEA Business College team introduction and work content
How Jordan Peele gave Dev Patel his 'Pretty Woman' moment with struggling 'Monkey Man'