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:2025-04-15 10:13:22
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! (79872)
Related
- The White House is cracking down on overdraft fees
- Addiction treatments in pharmacies could help combat the opioid crisis
- RSV recedes and flu peaks as a new COVID variant shoots 'up like a rocket'
- A newborn was surrendered to Florida's only safe haven baby box. Here's how they work
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- 27 Stars Share Their Go-To Sunscreen: Sydney Sweeney, Olivia Culpo, Garcelle Beauvais, and More
- In county jails, guards use pepper spray, stun guns to subdue people in mental crisis
- The Period Talk (For Adults)
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Seattle's schools are suing tech giants for harming young people's mental health
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- China's COVID vaccines: Do the jabs do the job?
- Meadow Walker Shares Heartwarming Signs She Receives From Late Dad Paul Walker
- Mayor Eric Adams signs executive order protecting gender-affirming care in New York City
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Anti-fatness keeps fat people on the margins, says Aubrey Gordon
- Meadow Walker Shares Heartwarming Signs She Receives From Late Dad Paul Walker
- Did Damar Hamlin experience commotio cordis? What to know about the rare phenomenon
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
China's COVID vaccines: Do the jabs do the job?
Saudi Arabia’s Solar Ambitions Still Far Off, Even With New Polysilicon Plant
This $5 Tinted Moisturizer With 10,200+ 5-Star Reviews Is a Must-Have for Your Routine
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Lisa Rinna Reacts to Andy Cohen’s Claims About Her Real Housewives Exit
Feds move to block $69 billion Microsoft-Activision merger
Dancing With the Stars Pro Witney Carson Welcomes Baby No. 2