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:2025-04-15 13:41:15
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! (95183)
Related
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- We Ranked All of Mary-Kate and Ashley Olsen's Movies and You Will Definitely Do a Double-Take
- Ex-San Jose State athletic trainer pleads guilty to sexually assaulting female athletes
- The problem with treating Bama Rush TikTokers like famous reality stars
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- COVID hospitalizations accelerate for fourth straight week
- New Jennifer Aniston and Brad Pitt Wedding Details Revealed By Celeb Guest 23 Years Later
- Pacific Northwest heat wave could break temperature records through Thursday
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Former NFL star Michael Oher, inspiration for The Blind Side, claims Tuohy family never adopted him
Ranking
- Travis Hunter, the 2
- Get $140 Worth of Tarte Cosmetics Products for Just $25
- Georgia indicts Trump, 18 allies on RICO charges in election interference case. Here are the details.
- Shania Twain to return to Las Vegas for third residency in 2024
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Keke Palmer Ushers in Her Bob Era With Dramatic New Hairstyle
- The FTC wants to ban fake reviews and fine people who write them
- New Paraguay president stresses South American country’s ties with Taiwan at swearing-in ceremony
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
DeSantis’ appointees ask judge to rule against Disney without need for trial
Mother of 6-year-old who shot Newport News teacher pleads guilty to Virginia charge
Former NFL Player Alex Collins Dead at 28
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Alex Collins, former Seahawks and Ravens running back, dies at age 28
Judge dismisses lawsuit seeking to remove roadblocks set up by Wisconsin tribe
Wisconsin man missing 9 months since attempted traffic stop found dead in abandoned home