Current:Home > MySenate 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
View
Date:2025-04-12 14:19:51
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! (9)
Related
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- 4th person charged in ambush that helped Idaho prison inmate escape from Boise hospital
- PCE inflation report: Key measure ticks higher for first time since September
- James Madison moves quickly, hires Preston Spradlin as new men's basketball coach
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Nate Oats channels Nick Saban's 'rat poison' talk as former Alabama football coach provides support
- ACLU, Planned Parenthood challenge Ohio abortion restrictions after voter referendum
- Maryland to receive initial emergency relief funding of $60 million for Key Bridge collapse cleanup
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- How King Charles III Has Kept Calm and Carried on Since His Cancer Diagnosis
Ranking
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Family fears for U.S. hostage Ryan Corbett's health in Taliban prison after deeply disturbing phone call
- Terrence Shannon Jr. powers Illinois to Elite Eight amid controversy
- Tracy Morgan clarifies his comments on Ozempic weight gain, says he takes it 'every Thursday'
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Baltimore bridge collapse: Who will pay for the destroyed bridge, harmed businesses and lost lives?
- Steve Martin: Comic, banjo player, and now documentary film subject
- Family fears for U.S. hostage Ryan Corbett's health in Taliban prison after deeply disturbing phone call
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Mixed Nuts
Singer Sierra Ferrell talks roving past and remarkable rise
Uranium is being mined near the Grand Canyon as prices soar and the US pushes for more nuclear power
Trump wants to turn the clock on daylight saving time
EPA sets strict new emissions standards for heavy-duty trucks and buses in bid to fight climate change
High winds and turbulence force flight from Israel to New Jersey to be diverted to New York state
Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates