Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -MoneyStream
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 16:30:18
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! (4)
Related
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Bad News, Bears? States Take Legal Actions to End Grizzlies’ Endangered Species Protections
- Mets find more late magic, rallying to stun Phillies in NLDS opener
- Bibles that Oklahoma wants for schools match version backed by Trump
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- San Francisco’s first Black female mayor is in a pricey battle for a second term
- Lionel Messi, Inter Miami rely on late goal to keep MLS record pursuit alive
- Supreme Court candidates dodge, and leverage, political rhetoric
- 2025 'Doomsday Clock': This is how close we are to self
- Is Boar's Head deli meat safe to eat? What experts say amid listeria outbreak
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Robert Pattinson and Suki Waterhouse Make Rare Joint Appearance Months After Welcoming Baby
- FEMA has faced criticism and praise during Helene. Here’s what it does — and doesn’t do
- Barbie releases new doll for Diwali to 'celebrate the power and beauty of diversity'
- $73.5M beach replenishment project starts in January at Jersey Shore
- A buzzing threat? Yellow jackets swarm in North Carolina after Helene destroys their homes
- Four Downs: A Saturday of complete college football chaos leaves SEC race up for grabs
- You like that?!? Falcons win chaotic OT TNF game. Plus, your NFL Week 5 preview 🏈
Recommendation
'Most Whopper
Caitlin Clark Shares Tribute to Boyfriend Connor McCaffery After Being Named WNBA’s Rookie of the Year
A week after Helene hit, thousands still without water struggle to find enough
Early Amazon Prime Day Travel Deals as Low as $4—86% Off Wireless Phone Chargers, Luggage Scales & More
Skins Game to make return to Thanksgiving week with a modern look
A $1 billion Mega Millions jackpot remains unclaimed. It's not the first time.
Well-known Asheville music tradition returns in a sign of hopefulness after Helene
Battered community mourns plastics factory workers swept away by Helene in Tennessee