Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -StockSource
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 02:45:01
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! (995)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Shocking video shows lightning strike near a police officer's cruiser in Illinois
- Jury faults NY railroad -- mostly -- for 2015 crossing crash that killed 6
- John Deere & Co. backs off diversity policies, following Tractor Supply
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Olympian Aly Raisman Was Hospitalized Twice After Complete Body Paralysis
- Cute Sandals Alert! Shop the Deals at Nordstrom's Anniversary Sale 2024 & Save on Kenneth Cole & More
- Simone Biles Shares Jordan Chiles’ Surprising Role at the 2024 Olympics
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Ashlyn Harris Shares Insight Into “Really Hard” Divorce From Ali Krieger
Ranking
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Priscilla Presley sues former associates, alleging elder abuse and financial fraud
- Maniac Murder Cult Leader Allegedly Plotted to Poison Kids With Candy Given Out by Santa Claus
- Mississippi can wait to reset legislative districts that dilute Black voting strength, judges say
- B.A. Parker is learning the banjo
- Montana seeks to revive signature restrictions for ballot petitions, including on abortion rights
- Michael Strahan's daughter Isabella shares she's cancer free: 'I miss my doctors already'
- Priscilla Presley sues former associates, alleging elder abuse and financial fraud
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Taylor Swift sings 'I'm falling in love again' for second time to boyfriend Travis Kelce
Gas prices are a favorite RNC talking point. Here's how they changed under Trump, Biden
EA Sports College Football 25, among most anticipated sports video games in history, hits the market
Grammy nominee Teddy Swims on love, growth and embracing change
Trump’s convention notably downplays Jan. 6 and his lies about election fraud
The NL Mess: A case for - and against - all 8 teams in wild-card quagmire
Trump's national lead over Biden grows — CBS News poll