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:2025-04-17 15:10:26
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! (217)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- This electric flying taxi has been approved for takeoff — sort of
- A beginner's guide to getting into gaming
- Hotel workers' strike disrupts July 4th holiday in Southern California
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Good jobs Friday
- Deep in the Democrats’ Climate Bill, Analysts See More Wins for Clean Energy Than Gifts for Fossil Fuel Business
- Malaysia's government cancels festival after The 1975's Matty Healy kisses a bandmate
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Prepare for Nostalgia: The OG Beverly Hills, 90210 Cast Is Reuniting at 90s Con
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- A New Report Suggests 6 ‘Magic’ Measures to Curb Emissions of Super-Polluting Refrigerants
- It's hot. For farmworkers without federal heat protections, it could be life or death
- The secret to Barbie's enduring appeal? She can fend for herself
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- How DOES your cellphone work? A new exhibition dials into the science
- Women are returning to the job market in droves, just when the U.S. needs them most
- Outnumbered: In Rural Ohio, Two Supporters of Solar Power Step Into a Roomful of Opposition
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
This is Canada's worst fire season in modern history — but it's not new
Meta leans on 'wisdom of crowds' in AI model release
Our fireworks show
Trump invites nearly all federal workers to quit now, get paid through September
We spoil 'Barbie'
Pikmin 4 review: tiny tactics, a rescue dog and a fresh face
Should we invest more in weather forecasting? It may save your life