Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -FundWay
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-23 13:23:42
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
- What do we know about the mysterious drones reported flying over New Jersey?
- Drake Explains Why He Hasn't Gotten Married—Yet
- Music Legend Tony Bennett Dead at 96
- Obamas' family chef found dead in pond on Martha's Vineyard: Police
- Grammy nominee Teddy Swims on love, growth and embracing change
- Advocates from Across the Country Rally in Chicago for Coal Ash Rule Reform
- You'll Flip Over How Shawn Johnson's Daughter Drew Reacted to Mom's Pregnancy
- Alabama Black Belt Becomes Environmental Justice Test Case: Is Sanitation a Civil Right?
- Tom Holland's New Venture Revealed
- True Thompson and Chicago West Mischievously Pay Tribute to Moms Khloe Kardashian and Kim Kardashian
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- K-9 officer put on leave after police dog attacks surrendering suspect
- ‘Profit Over the Public’s Health’: Study Details Efforts by Makers of Forever Chemicals to Hide Their Harms
- Married To Medicine Star Quad Webb's 3-Year-Old Great Niece Drowns In Her Pool
- Meta releases AI model to enhance Metaverse experience
- What the Mattel CEO Really Thinks of the Satirical Barbie Movie
- How YouTuber Annabelle Ham Refused to Let Struggle With Epilepsy Control Her Life Before Tragic Death
- Emily Ratajkowski Debuts Fiery Red Hair Transformation
Recommendation
Grammy nominee Teddy Swims on love, growth and embracing change
Why Dressing Margot Robbie in Barbie Was the Biggest Challenge for the Costume Designer
Leo Shoppable Horoscope: 11 Birthday Gifts To Help the Lioness Roar
Blake Lively and Ryan Reynolds' Matilda Date Night Is Sweet as Honey
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
James Middleton's Comments About His Relationship With Sister Kate Middleton Are Royally Relatable
Shop Bags & Accessories at Nordstrom Clear the Rack Sale: Deals on Coach, Kate Spade, Calvin Klein & More
Maria Menounos and Husband Keven Undergaro Welcome First Baby via Surrogate