Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -AssetFocus
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 02:21:14
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! (4)
Related
- Louvre will undergo expansion and restoration project, Macron says
- 4 Cornell College instructors wounded in stabbing attack in China; suspect arrested
- Banana company to pay millions over human rights abuses
- John McEnroe angers fans with comments about French Open winner Iga Swiatek — and confuses others with goodbye message
- Travis Hunter, the 2
- American teen falls more than 300 feet to her death while hiking in Switzerland
- Billy Ray Cyrus files for divorce from wife Firerose after 8 months of marriage
- Trump’s company: New Jersey golf club liquor license probe doesn’t apply to ex-president
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Connecticut governor vetoes bill that could lead to $3 million in assistance to striking workers
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- Where Hunter Biden's tax case stands after guilty verdict in federal gun trial
- Tiger Woods feeling at home with 'hot, humid' conditions at US Open
- With spending talks idling, North Carolina House to advance its own budget proposal
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Banana company to pay millions over human rights abuses
- The internet's latest crush is charming – and confusing – all of TikTok. Leave him alone.
- Miley Cyrus Details Relationship With Parents Tish and Billy Ray Cyrus Amid Rumored Family Rift
Recommendation
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Opelika police kill person armed with knife on Interstate 85
As the Country Heats Up, ERs May See an Influx of Young Patients Struggling With Mental Health
After baby's fentanyl poisoning at Divino Niño day care, 'justice for heinous crime'
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Oprah says book club pick 'Familiaris' by David Wroblewski 'brilliantly' explores life's purpose
Banana company to pay millions over human rights abuses
Biden reacts to his son Hunter's guilty verdict in gun case, vowing to respect the judicial process