Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -MoneyTrend
Senate begins final push to expand Social Security benefits for millions of people
Charles Langston View
Date:2025-04-11 04:29:48
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! (7442)
Related
- The Super Bowl could end in a 'three
- Washington State Voters Reject Nation’s First Carbon Tax
- Best Memorial Day 2023 Home Deals: Dyson, Vitamix, Le Creuset, Sealy, iRobot, Pottery Barn, and More
- CBS News' David Pogue defends OceanGate CEO Stockton Rush after Titan tragedy: Nobody thought anything at the time
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Honolulu Sues Petroleum Companies For Climate Change Damages to City
- American Climate Video: On a Normal-Seeming Morning, the Fire Suddenly at Their Doorstep
- Donald Triplett, the 1st person diagnosed with autism, dies at 89
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Biden's sleep apnea has led him to use a CPAP machine at night
Ranking
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- For the intersex community, 'Every Body' exists on a spectrum
- Wind Takes Center Stage in Vermont Governor’s Race
- FDA warns stores to stop selling Elf Bar, the top disposable e-cigarette in the U.S.
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- New abortion laws changed their lives. 8 very personal stories
- Bud Light releases new ad following Dylan Mulvaney controversy. Here's a look.
- Here's What You Missed Since Glee: Inside the Cast's Real Love Lives
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
How Jessica Biel Helped the Cruel Summer Cast Capture the Show’s Y2K Setting
Florida Ballot Measure Could Halt Rooftop Solar, but Do Voters Know That?
Cause of death for Adam Rich, former Eight is Enough child star, ruled as fentanyl
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Billie Eilish Fires Back at Critics Calling Her a Sellout for Her Evolving Style
Be a Part of Halle Bailey and Boyfriend DDG's World With This PDA Video
The world's worst industrial disaster harmed people even before they were born