Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -InvestPioneer
Senate begins final push to expand Social Security benefits for millions of people
SafeX Pro View
Date:2025-04-06 22:30:30
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! (165)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Biggest dog in the world was a towering 'gentle giant': Here's who claimed the title
- Why 'Terrifier 3' star David Howard Thornton was 'born to play' iconic Art the Clown
- San Jose Sharks' Macklin Celebrini dealing with injury after scoring in debut
- Stamford Road collision sends motorcyclist flying; driver arrested
- Artur Beterbiev defeats Dmitry Bivol: Round-by-round analysis, highlights
- Taylor Swift and Travis Kelce Double Date With Blake Lively and Ryan Reynolds in Style
- NFL Week 6 bold predictions: Which players, teams will turn heads?
- Retirement planning: 3 crucial moves everyone should make before 2025
- Gene Simmons Breaks Silence on Dancing With the Stars Controversial Comments
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Anderson Cooper Has the Perfect Response to NYE Demands After Hurricane Milton Coverage
- A Year After Historic Civil Rights Settlement, Alabama Slowly Bringing Sanitation Equity to Rural Black Communities
- North Carolina football's Tylee Craft dies at 23 after cancer battle
- Louvre will undergo expansion and restoration project, Macron says
- Singer El Taiger Dead at 37 One Week After Being Found With Gunshot Wound to the Head
- Becky G tour requirements: Family, '90s hip-hop and the Wim Hof Method
- Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Walz tramps through tall grass on Minnesota’s pheasant hunting season opener but bags no birds
North Carolina football's Tylee Craft dies at 23 after cancer battle
Determination to rebuild follows Florida’s hurricanes with acceptance that storms will come again
$73.5M beach replenishment project starts in January at Jersey Shore
Experts warn ‘crazy busy’ Atlantic hurricane season is far from over
Millions still without power after Milton | The Excerpt
Ohio State and Oregon has more than Big Ten, College Football Playoff implications at stake