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
Johnathan Walker View
Date:2025-04-07 12:20:34
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! (24)
Related
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Deion Sanders becomes 'Professor Prime': What he said in first class teaching at Colorado
- Why Miley Cyrus Nearly Missed Her First-Ever Grammy Win
- How Donald Trump went from a diminished ex-president to the GOP’s dominant front-runner
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Suburban Chicago police fatally shoot domestic violence suspect
- Untangling the Complicated Savanah Soto Murder Case
- Glen Powell Responds to His Mom Describing His Past Styles as Douchey
- Meet first time Grammy nominee Charley Crockett
- Critics see conflict of interest in East Palestine train derailment cleanup: It's like the fox guarding the henhouse
Ranking
- Meta releases AI model to enhance Metaverse experience
- Another ‘Pineapple Express’ storm is expected to wallop California
- Far-right convoy protesting migrant crisis nears southern border
- About 1,000 manatees piled together in a Florida park, setting a breathtaking record
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Grammys 2024: From how to watch the music-filled show to who’s nominated, here’s what to know
- Police: Inert Cold War-era missile found in garage of Washington state home
- The Rock could face Roman Reigns at WWE WrestleMania and fans aren't happy
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Unfortunate. That describes Joel Embiid injury, games played rule, and NBA awards mess
5 Capitol riot defendants who led first breach on Jan. 6 found guilty at trial
Taking the SAT in March? No need to sharpen a pencil
B.A. Parker is learning the banjo
Goose found in flight control of medical helicopter that crashed in Oklahoma, killing 3
A Minnesota town used its anti-crime law against a protected class. It’s not the only one
They met on a dating app and realized they were born on same day at same hospital. And that's not where their similarities end.