Current:Home > ContactSenate 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:2025-04-14 17:52:09
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! (2829)
Related
- A South Texas lawmaker’s 15
- Extremely rare blue lobster found off coast of English village: Absolutely stunning
- Apple Store employees in Maryland vote to authorize a first strike over working conditions
- Mitchell has 33 points, but Cavaliers can’t contain Tatum and Brown in Game 3 loss to Celtics
- Daughter of Utah death row inmate navigates complicated dance of grief and healing before execution
- McDonald's is considering a $5 meal to win back customers. Here's what you'd get.
- NASCAR Darlington race spring 2024: Start time, TV, live stream, lineup for Goodyear 400
- Man found dead after Ohio movie theater shooting. Person considered suspect is arrested
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Some older Americans splurge to keep homes accessible while others struggle to make safety upgrades
Ranking
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Mothers cannot work without child care, so why aren't more companies helping?
- Minnesota unfurls new state flag atop the capitol for the first time Saturday
- First person to receive a genetically modified pig kidney transplant dies nearly 2 months later
- Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
- California parents charged with stashing 25,000 fentanyl pills under 1-year-old's crib
- The Top 36 Amazon Deals Now: 61% Off Laura Geller, 30% Off Billie Eilish Perfume, 46% Off Solawave & More
- What time is 'American Idol' on tonight? Start time, top 5 contestants, judges, where to watch
Recommendation
Oklahoma parole board recommends governor spare the life of man on death row
Gypsy Rose Blanchard Tastes Her First In-N-Out Burger and Gives Her Honest Review
Is grapefruit good for you? The superfood's health benefits, explained.
Pioneering Financial Innovation: Wilbur Clark and the Ascendance of the FB Finance Institute
What do we know about the mysterious drones reported flying over New Jersey?
The Best Summertime Comforters That’ll Keep You Cool & Fresh Even on the Hottest of Days
Sean ‘Diddy’ Combs asks judge to dismiss ‘false’ claim that he, others raped 17-year-old girl
Avicii’s Ex Emily Goldberg Dead at 34