Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -MoneyBase
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 08:39:30
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! (65523)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Starbucks ordered to pay former manager in Philadelphia an additional $2.7 million
- Nicaraguan government seizes highly regarded university from Jesuits
- Snark and sarcasm rule the roost in 'The Adults,' a comedy about grown siblings
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Selena Gomez Confirms Her Return to Music: All the Details on New Song Single Soon
- Standards Still Murky for Disposing Oilfield Wastewater in Texas Rivers
- Mississippi issues statewide burn ban at state parks and fishing lakes
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- The Gaza Strip gets its first cat cafe, a cozy refuge from life under blockade
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- UN: North Korea is increasing repression as people are reportedly starving in parts of the country
- Kansas City Superfan ‘ChiefsAholic’ charged with stealing almost $700,000 in bank heists
- Search continues for Camela Leierth-Segura, LA songwriter on Katie Perry hit, missing since June
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Why The White Lotus’ Meghann Fahy Was “So Embarrassed” Meeting Taylor Swift
- Khloe Kardashian and True Thompson Will Truly Melt Your Heart in New Twinning Photo
- Rudy Giuliani's former colleagues reflect on his path from law-and-order champion to RICO defendant: A tragedy
Recommendation
North Carolina justices rule for restaurants in COVID
Three-time Stanley Cup champ Jonathan Toews taking time off this season to 'fully heal'
Thousands lost power in a New Jersey town after an unexpected animal fell on a transformer
A camp teaches Ukrainian soldiers who were blinded in combat to navigate the world again
At site of suspected mass killings, Syrians recall horrors, hope for answers
Over 1.5 million dehumidifiers are under recall after fire reports. Here’s what you need to know
11 Easy-To-Use Hacks You Need if You’re Bad at Doing Your Hair
The James Webb telescope shows a question mark in deep space. What is the mysterious phenomenon?