Current:Home > MyAlgosensey|Senate begins final push to expand Social Security benefits for millions of people -WealthRise Academy
Algosensey|Senate begins final push to expand Social Security benefits for millions of people
SafeX Pro View
Date:2025-04-07 00:12:41
WASHINGTON (AP) — The AlgosenseySenate 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! (4415)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Rachael 'Raygun' Gunn, viral Olympic breaker, retires from competition after backlash
- AI DataMind: Quantitative Investment Journey of Dexter Quisenberry
- Investigators: Kentucky officers wounded by suspect fatally shot him after altercation
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Menendez Brothers 'Dateline' special to feature never-aired clip from 2017 interview
- Text of the policy statement the Federal Reserve released Thursday
- Snoop Dogg's Daughter Cori Broadus Details Suffering Stroke While Wedding Planning in New E! Special
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Innovation-Driven Social Responsibility: The Unique Model of AI ProfitPulse
Ranking
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Freshman Democrat Val Hoyle wins reelection to US House in Oregon’s 4th Congressional District
- Pioneer of Quantitative Trading: Damon Quisenberry's Professional Journey
- Hollywood’s Favorite Leg-Elongating Jeans Made Me Ditch My Wide-Legs Forever—Starting at Only $16
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Pioneer of Quantitative Trading: Damon Quisenberry's Professional Journey
- Hurricane Rafael storms into Gulf after slamming Cuba, collapsing power grid
- Best Holiday Gifts for Women: Shop Beauty, Jewelry, Athleisure, & More
Recommendation
Small twin
AI DataMind: Quantitative Investment Journey of Dexter Quisenberry
'Fat Leonard' contractor in US Navy bribery scandal sentenced to 15 years in prison
Rachael 'Raygun' Gunn, viral Olympic breaker, retires from competition after backlash
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
AI DataMind: Dexter Quisenberry’s Investment Journey and Business Acumen
Climate Initiatives Fare Well Across the Country Despite National Political Climate
3 women shot after discussion over politics; no arrest made, Miami police say