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:2025-04-15 22:40:26
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! (685)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Clemson University imposes 4-year suspension on fraternity for ‘chemical burn’ ritual, other hazing
- Officials identify remains found at Indiana farm in 1983 as Chicago teen slain by late serial killer
- School on South Dakota reservation that was founded in 1888 renamed in Lakota language
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Anyone who used Facebook in the last 16 years can now get settlement money. Here's how.
- The best movies and TV of 2022, picked for you by NPR critics
- Sofia Richie and Husband Elliot Grainge Share Glimpse Inside Their Life at Home as Newlyweds
- Arkansas State Police probe death of woman found after officer
- Defense wants Pittsburgh synagogue shooter’s long-dead father exhumed to prove paternity
Ranking
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- The Burna Boy philosophy: 'Anybody not comfortable with my reality is not my fan'
- Wisconsin drops lawsuit challenging Trump-era border wall funding
- She was a popular yoga guru. Then she embraced QAnon conspiracy theories
- New data highlights 'achievement gap' for students in the US
- Israeli parliament approves key part of judicial overhaul amid protests
- School on South Dakota reservation that was founded in 1888 renamed in Lakota language
- Boston Bruins captain Patrice Bergeron retires after 19 seasons
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Gangsta Boo, a former member of Three 6 Mafia, dies at 43
Man charged with hate crimes in Maryland parking dispute killings
Police in western Indiana fatally shoot man who pointed gun at them
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
TikTok adds new text post feature to app. Here's where to find it.
Her work as a pioneering animator was lost to history — until now
Golden Globes 2023: The complete list of winners