Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -MoneyTrend
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 18:45:17
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! (366)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Lily Allen Responds to Backlash After Giving Up Puppy for Eating Her Passport
- What to know about the Oropouche virus, also known as sloth fever
- Did the algorithm kill the pop star? What Chappell Roan, Charli XCX and 'Brat' tell us.
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Dolly Parton is sending free books to children across 21 states — and around the world
- Noel and Liam Gallagher announce Oasis tour after spat, 15-year hiatus
- PBS documentary delves into love story of Julie Andrews and filmmaker Blake Edwards: How to watch
- How effective is the Hyundai, Kia anti-theft software? New study offers insights.
- Brian Austin Green and Tori Spelling didn't speak for 18 years after '90210'
Ranking
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Jury to resume deliberating in trial of ex-politician accused of killing Las Vegas reporter
- RHOC's Vicki Gunvalson Details Memory Loss From Deadly Health Scare That Nearly Killed Her
- Yes, SPF for Pets Is a Thing: 15 Must-Have Sun Protection Picks for Dogs, Including Sprays, Shirts & More
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- Fanatics amends lawsuit against Marvin Harrison Jr. to include Harrison Sr.
- 1 killed in interstate crash involving truck carrying ‘potentially explosive’ military devices
- Carrie Underwood Breaks Silence on Replacing Katy Perry on American Idol 20 Years After Win
Recommendation
Trump wants to turn the clock on daylight saving time
These Beetlejuice Gifts & Merch Are So Spook-Tacularly Cute, You’ll Be Saying His Name Three Times
Love Is Blind UK’s Catherine Richards Is Dating This Costar After Freddie Powell Split
Is Ben Affleck Dating Kick Kennedy Amid Jennifer Lopez Divorce? Here's the Truth
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Hailey Bieber Shares Glimpse Into New Chapter After Giving Birth to Her and Justin Bieber’s Son Jack
'Give him a push': Watch beachgoers help stranded shark back into the water in Nantucket
Connor Stalions Netflix documentary: Release date, how to watch 'Sign Stealer'