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:2025-04-23 23:13:19
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! (3)
Related
- Federal hiring is about to get the Trump treatment
- Maryland Climate Ruling a Setback for Oil and Gas Industry
- New American Medical Association president says we have a health care system in crisis
- The first wiring map of an insect's brain hints at incredible complexity
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Iowa Supreme Court declines to reinstate law banning most abortions
- Don't get the jitters — keep up a healthy relationship with caffeine using these tips
- San Fran Finds Novel, and Cheaper, Way for Businesses to Go Solar
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- All Eyes on Minn. Wind Developer as It Bets on New ‘Flow Battery’ Storage
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Despite Pledges, Birmingham Lags on Efficiency, Renewables, Sustainability
- Save 30% On Spanx Shorts and Step up Your Spring Style With These Top-Sellers
- A roadblock to life-saving addiction treatment is gone. Now what?
- $73.5M beach replenishment project starts in January at Jersey Shore
- In Congress, Corn Ethanol Subsidies Lose More Ground Amid Debt Turmoil
- LGBTQ+ youth are less likely to feel depressed with parental support, study says
- 6 Ways Trump’s Denial of Science Has Delayed the Response to COVID-19 (and Climate Change)
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
S Club 7 Singer Paul Cattermole’s Cause of Death Revealed
Cook Inlet: Oil Platforms Powered by Leaking Alaska Pipeline Forced to Shut Down
John Stamos Shares the Heart-Melting Fatherhood Advice Bob Saget Gave Him About Son Billy
2 killed, 3 injured in shooting at makeshift club in Houston
Ex-Soldiers Recruited by U.S. Utilities for Clean Energy Jobs
Long Phased-Out Refrigeration and Insulation Chemicals Still Widely in Use and Warming the Climate
The impact of the Ukraine war on food supplies: 'It could have been so much worse'