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:2025-04-13 11:45:03
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! (72242)
Related
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- Denzel Washington to reunite with Spike Lee on A24 thriller 'High and Low'
- Maryland Gov. Wes Moore outlines a data-driven plan to reach goals for the state
- New Justin Hartley show 'Tracker' sees 'This is Us' star turn action hero
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- DJ Tiësto Pulls Out of Super Bowl 2024 Due to Family Emergency
- Gambling addicts face tough test as Super Bowl 58 descends on Las Vegas and NFL cashes in
- A love so sweet - literally. These Taylor Swift and Travis Kelce cookies are going viral
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Louisiana’s GOP governor plans to deploy 150 National Guard members to US-Mexico border
Ranking
- Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
- Boy’s death at therapy program didn’t appear natural, but sheriff says they’re awaiting cause
- Lightning's Mikhail Sergachev gets emotional after breaking his leg in return from injury
- Research at the heart of a federal case against the abortion pill has been retracted
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Biden determined to use stunning Trump-backed collapse of border deal as a weapon in 2024 campaign
- A prosecutor says man killed, disposed of daughter like ‘trash.’ His lawyer says he didn’t kill her
- TikToker Cat Janice Shares “Last Joy” With 7-Year-Old Son Amid Her Rare Sarcoma Cancer Battle
Recommendation
Sam Taylor
Spencer Dinwiddie leads top NBA potential buyout candidates
Faced with wave of hostile bills, transgender rights leaders are playing “a defense game”
Does Nick Cannon See a Future With Mariah Carey After Bryan Tanaka Breakup? He Says...
Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
Wyoming, Slow To Take Federal Clean Energy Funds, Gambles State Money on Carbon Sequestration and Hydrogen Schemes to Keep Fossil Fuels Flowing
Former Olympian set to plead guilty to multiple charges of molesting boys in 1970s
Finding meaning in George Floyd’s death through protest art left at his murder site