Current:Home > ScamsSenate 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:2025-04-16 18:21:38
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! (77192)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Sam Asghari Files for Divorce From Britney Spears
- The James Webb telescope shows a question mark in deep space. What is the mysterious phenomenon?
- New Hampshire sheriff charged with theft, perjury and falsifying evidence
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Blinken had long, frank phone call with Paul Whelan, brother says
- Rudy Giuliani's former colleagues reflect on his path from law-and-order champion to RICO defendant: A tragedy
- Foes of Biden’s Climate Plan Sought a ‘New Solyndra,’ but They Have yet to Dig Up Scandal
- What to watch: O Jolie night
- 8-year-old girl fatally hit by school bus in Kansas: police
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- Maui fire survivor blindly headed toward Lahaina blaze: Fear and panic that I have never experienced before
- Rory McIlroy, Brian Harman, Grandma Susie highlight first round at 2023 BMW Championship
- Texas woman charged with threatening federal judge overseeing Trump Jan. 6 case
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Over 1.5 million dehumidifiers are under recall after fire reports. Here’s what you need to know
- 'Suits' just set a streaming record years after it ended. Here's what's going on
- Material seized in police raid of Kansas newspaper should be returned, prosecutor says
Recommendation
Trump issues order to ban transgender troops from serving openly in the military
UN: North Korea is increasing repression as people are reportedly starving in parts of the country
US women’s national team coach Vlatko Andonovski resigns after early World Cup exit, AP source says
A large ice chunk fell from the sky and damaged a house in Massachusetts
The White House is cracking down on overdraft fees
Record heat boosting wildfire risk in Pacific Northwest
U.S. jobless claims applications fall as labor market continues to show resiliency
Dramatic video footage shows shooting ambush in Fargo that killed an officer last month