Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -TradeCircle
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 14:17:47
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! (2462)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Ethan Slater Makes Instagram Account Private Amid Ariana Grande Romance
- You Probably Missed This Sighting of Ariana Grande and Ethan Slater Together
- You Probably Missed This Sighting of Ariana Grande and Ethan Slater Together
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Carlee Russell Admits Kidnapping Was a Hoax
- Billie Eilish Mourns Death of Beloved Dog Pepper
- As an Obscure United Nations Gathering Deliberates the Fate of Deep-Sea Mining, the Tuna Industry Calls for a Halt
- Intellectuals vs. The Internet
- Teen Mom's Cheyenne Floyd Reveals Her Secret to Co-Parenting With Ex Cory Wharton
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Golden Bachelor’s Gerry Turner Shares What His Late Wife Would Think of the Show
- Why Oscar De La Hoya Says He Let Travis Barker and Shanna Moakler Raise Daughter Atiana
- Tom Brady Is Racing Into a New Career After NFL Retirement
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- June Extremes Suggest Parts of the Climate System Are Reaching Tipping Points
- Jamie Foxx Shares New Update From Las Vegas 3 Months After Medical Emergency
- Billie Eilish Mourns Death of Beloved Dog Pepper
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Amy Schumer Reacts to Barbie Movie After Dropping Out of Earlier Version
Facing a Plunge in Salmon Numbers in the Kuskokwim and Yukon Rivers, Alaskans Seek a Voice in Fishing Policy
Indulge in Self-Care With a 47% Off Deal on the Best Kopari Beauty Products
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
The Nordstrom Anniversary Sale 2023 Has the Best Deals on Footwear from UGG, Birkenstock, Adidas & More
Megan Fox Bares Her Butt and Nipples in Steamy Photo Shoot
Alabama Black Belt Becomes Environmental Justice Test Case: Is Sanitation a Civil Right?