Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -WealthRoots Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-11 23:19:03
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! (425)
Related
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Executions worldwide jumped last year to the highest number since 2015, Amnesty report says
- Where Vanderpump Rules' Breakout Star Ann Maddox Stands With Tom Sandoval & Ariana Madix Today
- Nearly 3 out of 10 children in Afghanistan face crisis or emergency level of hunger in 2024
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Polls close and South Africa counts votes in election framed as its most important since apartheid
- Authorities kill alligator after woman's remains were found lodged inside reptile's jaw
- Vermont police conclude case of dead baby more than 40 years later and say no charges will be filed
- Could your smelly farts help science?
- Pope Francis apologizes after being quoted using homophobic slur
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Sweden seeks to answer worried students’ questions about NATO and war after its neutrality ends
- Singapore Airlines jet endured huge swings in gravitational force during turbulence, report says
- NTSB now leading probe into deadly Ohio building explosion
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Nissan issues 'do not drive' warning for some older models after air bag defect linked to 58 injuries
- Elevate Your Wardrobe With These H&M Finds That Look Expensive
- ‘It’s just me, guys,’ Taylor Swift says during surprise set as fans cheer expecting guest
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Sweden seeks to answer worried students’ questions about NATO and war after its neutrality ends
Amazon Prime members will get extended Grubhub+ benefits, can order for free in Amazon app
Families reclaim the remains of 15 recently identified Greek soldiers killed in Cyprus in 1974
A South Texas lawmaker’s 15
Sheriff denies that officers responding to Maine mass shooting had been drinking
Americans are running away from church. But they don't have to run from each other.
Turkey signals new military intervention in Syria if Kurdish groups hold municipal election