Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -AssetScope
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 05:30:40
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! (13)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- These Are the 26 Beauty Products That Amazon Can’t Keep In Stock
- Peregrine lunar lander to burn up in atmosphere in latest setback to NASA moon missions
- Asa Hutchinson drops out of 2024 GOP presidential race after last-place finish in Iowa
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Blake Lively Proves Sisterhood of the Traveling Pants Bond Lives on With America Ferrera Tribute
- Supreme Court could reel in power of federal agencies with dual fights over fishing rule
- US fugitive accused of faking his death to avoid rape charges denies he is the suspect at hearing
- New data highlights 'achievement gap' for students in the US
- Patrick Schwarzenegger, Aimee Lou Wood and More Stars Check in to White Lotus Season 3
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Hit your 2024 exercise goals with these VR fitness apps and games
- Harvey Weinstein, MSG exec James Dolan sued for sexual assault by former massage therapist
- Slain Connecticut police dog remembered as ‘fallen hero’
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- All hail the Chicago 'Rat Hole': People leave offerings at viral rat-shaped cement imprint
- Modi’s promised Ram temple is set to open and resonate with Hindus ahead of India’s election
- Justice Department report into Uvalde school shooting expected this week
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
3 men found dead outside Kansas City home after reportedly gathering to watch football game
A timeline of the investigation of the Gilgo Beach killings
Minnesota governor’s $982 million infrastructure plan includes a new State Patrol headquarters
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
'Say Something' tip line in schools flags gun violence threats, study finds
A timeline of the investigation of the Gilgo Beach killings
Woman dies after falling 100 feet in Virginia cave