Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -WealthTrack
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 15:11:22
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! (2)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- A Nevada Lithium Mine Nears Approval, Despite Threatening the Only Habitat of an Endangered Wildflower
- Jerome Oziel, therapist who heard Menendez brothers' confession, portrayed in Netflix show
- The politics of immigration play differently along the US-Mexico border
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- ‘Ticking time bomb’: Those who raised suspicions about Trump suspect question if enough was done
- Diddy faces public scrutiny over alleged sex crimes as questions arise about future of his music
- Police chase in NYC, Long Island ends with driver dead and 7 officers, civilian taken to hospitals
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- The first day of fall is almost here: What to know about 2024 autumnal equinox
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- David Beckham shares what Lionel Messi wanted the most from his move to MLS
- Bear injures hiker in Montana's Glacier National Park; section of trail closed
- Biden opens busy foreign policy stretch as anxious allies shift gaze to Trump, Harris
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Woman who left tiny puppies to die in plastic tote on Georgia road sentenced to prison
- Miley Cyrus Makes Rare Public Appearance During Outing With Boyfriend Maxx Morando
- Over 137,000 Lucid beds sold on Amazon, Walmart recalled after injury risks
Recommendation
Sam Taylor
Married at First Sight's Jamie Otis Gives Birth, Welcomes Twins With Doug Hehner
14 people arrested in Tulane protests found not guilty of misdemeanors
8 California firefighters injured in freeway rollover after battling Airport Fire
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
The Fate of Pretty Little Liars Reboot Revealed After 2 Seasons
Penn State removes its student newspaper racks over concerns about political ads
Youngest NFL players: Jets RB Braelon Allen tops list for 2024