Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -InfinityFinance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 23:27:57
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! (7795)
Related
- Federal hiring is about to get the Trump treatment
- Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
- European Parliament president backs UN naming an envoy to help restart Cyprus peace talks
- Where poor air quality is expected in the US this week
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- At least 13 people were killed at a nightclub fire in Spain’s southeastern city of Murcia
- ‘PAW Patrol’ shows bark at box office while ‘The Creator’ and ‘Dumb Money’ disappoint
- Rishi Sunak needs to rally his flagging Conservatives. He hopes a dash of populism will do the trick
- Bodycam footage shows high
- Forced kiss claim leads to ‘helplessness’ for accuser who turned to Olympics abuse-fighting agency
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Where poor air quality is expected in the US this week
- Maldives opposition candidate Mohamed Muiz wins the presidential runoff, local media say
- In France, workers build a castle from scratch the 13th century way
- Could your smelly farts help science?
- In New York City, scuba divers’ passion for the sport becomes a mission to collect undersea litter
- Ukraine aid left out of government funding package, raising questions about future US support
- U2 brings swagger, iconic songs to Sphere Las Vegas in jaw-dropping opening night concert
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Why New York’s Curbside Composting Program Will Yield Hardly Any Compost
Taylor Swift's next rumored stadium stop hikes up ticket prices for Chiefs-Jets game
The Taylor Swift-Travis Kelce romance is fake. You know it is. So what? Let's enjoy it.
Woman dies after Singapore family of 3 gets into accident in Taiwan
Late-night shows return after writers strike as actors resume talks that could end their standoff
Attorney General Garland says in interview he’d resign if Biden asked him to take action on Trump
The Dolphins are the NFL's hottest team. The Bills might actually have an answer for them.