Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -EquityZone
Senate begins final push to expand Social Security benefits for millions of people
Benjamin Ashford View
Date:2025-04-10 20:45:26
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! (7)
Related
- The Super Bowl could end in a 'three
- U.S. soldier is detained in Russia, officials confirm
- Storms batter Midwest one day after tornado leaves at least 1 dead in Oklahoma
- Climate Change Is Pushing Animals Closer to Humans, With Potentially Catastrophic Consequences
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Alabama Senate committee delays vote on ethics legislation
- Brittney Griner's book is raw recounting of fear, hopelessness while locked away in Russia
- Former Las Vegas casino executive to be sentenced in bookmaking money laundering case
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Drake and Kendrick Lamar’s feud — the biggest beef in recent rap history — explained
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Storms batter Midwest one day after tornado leaves at least 1 dead in Oklahoma
- 'Pretty Little Liars: Summer School': Premiere date, time, cast, where to watch Season 2
- How Kim Kardashian and Lana Del Rey Became Unexpected Duo While Bonding at 2024 Met Gala
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Kim Kardashian’s Daughter North West Lands Role in Special Lion King Show
- Why Baby Reindeer’s Richard Gadd Has “Toxic Empathy” for Real-Life Stalker
- Did Miss USA Noelia Voigt's resignation statement contain a hidden message?
Recommendation
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Final Baltimore bridge collapse victim recovered river, police confirm
Horoscopes Today, May 7, 2024
Kieran Culkin's Handsy PDA With Wife Jazz Charton at 2024 Met Gala Is Ludicrously Delightful
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Jurors should have considered stand-your-ground defense in sawed-off shotgun killing, judges rule
Horoscopes Today, May 7, 2024
Charm Necklaces Are The Jewelry Trend of Spring & Summer: Here Are The 13 Cutest Ones To Shop ASAP