Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -TruePath Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-20 06:41:12
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! (527)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Olympic gymnastics recap: US men win bronze in team final, first medal in 16 years
- Iowa now bans most abortions after about 6 weeks, before many women know they’re pregnant
- USA Women's Basketball vs. Japan live updates: Olympic highlights, score, results
- Why members of two of EPA's influential science advisory committees were let go
- Independent candidate who tried to recall Burgum makes ballot for North Dakota governor
- Museums closed Native American exhibits 6 months ago. Tribes are still waiting to get items back
- Struggling with acne? These skincare tips are dermatologist-approved.
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Lady Gaga introduces Michael Polansky as her 'fiancé' during Paris Olympics
Ranking
- B.A. Parker is learning the banjo
- 'A phoenix from the ashes': How the landmark tree is faring a year after Maui wildfire
- Paralympian Anastasia Pagonis’ Beauty & Self-Care Must-Haves, Plus a Travel-Size Essential She Swears By
- Midwest sees surge in calls to poison control centers amid bumper crop of wild mushrooms
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Swarm of dragonflies startles beachgoers in Rhode Island
- Midwest sees surge in calls to poison control centers amid bumper crop of wild mushrooms
- Feel like you have huge pores? Here's what experts say you can do about it.
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
How Brazil's Rebeca Andrade, world's other gymnasts match up with Simone Biles at Olympics
'Deadpool & Wolverine' pulverizes a slew of records with $205M opening
Another Olympics celebrity fan? Jason Kelce pledges for Ilona Maher, US women's rugby
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Park Fire rages, evacuation orders in place as structures burned: Latest map, updates
Another Olympics celebrity fan? Jason Kelce pledges for Ilona Maher, US women's rugby
Noah Lyles says his popularity has made it hard to stay in Olympic Village