Current:Home > NewsSenate 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 08:18:03
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! (5)
Related
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Israel signals it has wrapped up major combat in northern Gaza as the war enters its fourth month
- Why Gypsy Rose Blanchard's Ex Nicholas Godejohn Filed a New Appeal in Murder Conviction Case
- Golden Globes: How to watch, who’s coming and what else to know
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- The Bloodcurdling True Story Behind Killers of the Flower Moon
- How to watch the Golden Globes, including the red carpet and backstage interviews
- Shop These Jaw-Dropping Home Deals for Finds up to 60% Off That Will Instantly Upgrade Your Space
- Trump invites nearly all federal workers to quit now, get paid through September
- Rafael Nadal withdraws from Australian Open with injury just one tournament into comeback
Ranking
- Meet first time Grammy nominee Charley Crockett
- FAA orders temporary grounding of certain Boeing planes after Alaska Airlines door detaches midflight
- Fear of violence looms over a contentious Bangladesh election as polls open
- Fear of violence looms over a contentious Bangladesh election as polls open
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Iran's Supreme Leader Ayatollah Ali Khamenei vows harsh response to deadly bomb attack
- Cowboys' CeeDee Lamb has officially arrived as one of NFL's elite players
- Halle Bailey Gives Birth, Welcomes First Baby With Boyfriend DDG
Recommendation
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
Roy Calne, a surgeon who led Europe’s first liver transplant, has died aged 93
Jordanian army says it killed 5 drug smugglers in clashes on the Syrian border
Olympian Mary Lou Retton Speaks Out About Her Life-Threatening Health Scare in First Interview
South Korean president's party divided over defiant martial law speech
Sam Kerr suffers torn ACL, jeopardizing Olympic hopes with Australia
Residents across eastern U.S. and New England hunker down as snow, ice, freezing rain approaches
The US sees a drop in illegal border crossings after Mexico increases enforcement