Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -NextFrontier Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 08:20:58
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! (575)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Syria’s president grants amnesty, reduced sentences on anniversary of coup that put father in power
- Texas woman convicted and facing up to life in prison for killing pro cyclist Mo Wilson
- Actor Lukas Gage and hairstylist Chris Appleton will divorce after 6 months of marriage
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- Charlie Sheen and Denise Richards' Daughter Sami Gets a Boob Job One Year After Launching OnlyFans Career
- Biden and Mexico’s leader will meet in California. Fentanyl, migrants and Cuba are on the agenda
- Texas jury convicts woman of fatally shooting cyclist Anna “Mo” Wilson in jealous rage
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- Dollywood temporarily suspends park entry due to nearby wildfire
Ranking
- Jamaica's Kishane Thompson more motivated after thrilling 100m finish against Noah Lyles
- Second arrest made in Halloween weekend shooting in Tampa that killed 2, injured 16 others
- Inmate who escaped Georgia jail and woman who allegedly helped him face federal charges
- Cutting a teaspoon of salt is comparable to taking blood pressure medication
- Residents in Alaska capital clean up swamped homes after an ice dam burst and unleashed a flood
- General Motors becomes 1st of Detroit automakers to seal deal with UAW members
- New York will automatically seal old criminal records under law signed by Gov. Kathy Hochul
- Matson’s journey as UNC’s 23-year-old field hockey coach reaches the brink of another NCAA title
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Dean McDermott says pets in bed, substance abuse 'tore down' marriage with Tori Spelling
Oakland mourns Athletics' move, but owner John Fisher calls it a 'great day for Las Vegas'
Sister Wives' Meri Brown Reveals Why She Went Public With Kody Brown Breakup
Charges: D'Vontaye Mitchell died after being held down for about 9 minutes
'Laguna Beach' star Stephen Colletti gets engaged to reporter Alex Weaver: 'Yes! Forever'
National Park Service delivers roadmap for protecting Georgia’s Ocmulgee River corridor
Eminem's Daughter Hailie Jade Shares Glimpse into Romantic Cabo Trip With Fiancé Evan McClintock