Current:Home > MarketsSenate 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:2025-04-25 10:49:33
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! (7)
Related
- Louvre will undergo expansion and restoration project, Macron says
- Wagner Group prison recruits back in Russia from Ukraine front lines accused of murder and sexual assault
- Tropical Storm Nicholas Threatens The Gulf Coast With Heavy Rain
- Amid strife with Kremlin, Wagner Group mercenaries enter Russian city
- B.A. Parker is learning the banjo
- TLC's Chilli Shares Update on Relationship With Boyfriend Matthew Lawrence
- Greenhouse Gas Levels Are The Highest Ever Seen — And That's Going Back 800,000 Years
- Pushed to the edge, tribe members in coastal Louisiana wonder where to go after Ida
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Kourtney Kardashian Reflects on Drunken Wedding in Las Vegas With Travis Barker on Anniversary
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Jon Stewart Makes Surprise Return to The Daily Show Nearly 8 Years After Signing Off
- Here's the Truth About Those Tom Brady and Reese Witherspoon Dating Rumors
- Dip Into These Secrets About The Sandlot
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- 'A Code Red For Humanity:' Climate Change Is Getting Worse — Faster Than We Thought
- Nearly 2 In 3 Americans Are Dealing With Dangerous Heat Waves
- Titanic director James Cameron sees terrible irony as OceanGate also got warnings that were ignored
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Water's Cheap... Should It Be?
Estonia becomes first ex-Soviet country to legalize same-sex marriage
At over $108 million, Klimt's Lady with a Fan becomes most expensive painting ever sold in Europe
2025 'Doomsday Clock': This is how close we are to self
Emmy Rossum Gives Birth, Privately Welcomes Baby No. 2 With Sam Esmail
Thai police wrap up probe of suspected cyanide serial killer: Even Jack the Ripper ... did not kill this many
The MTV Movie & TV Awards 2023 Nominations Are Finally Here