Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -WealthRise Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-11 18:16:30
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! (7)
Related
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- NBA All-Star Game again sees tons of points, lack of defense despite call for better competition
- Harry Styles Debuts Winning Haircut During Rare Public Appearance at Soccer Game
- 'Bob Marley: One Love' overperforms at No. 1, while 'Madame Web' bombs at box office
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Laura Merritt Walker Thanks Fans for Helping to Carry Us Through the Impossible After Son's Death
- Navalny’s widow vows to continue his fight against the Kremlin and punish Putin for his death
- Why NL champion Diamondbacks think they'll be even better in 2024 | Nightengale's Notebook
- Global Warming Set the Stage for Los Angeles Fires
- Megan Fox Channels Jennifer's Body in Goth-Glam Look at People's Choice Awards 2024
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- California again braces for flooding as another wet winter storm hits the state
- Take a Look at the Original Brat Pack Then and Now, Nearly 40 Years After The Breakfast Club
- 4 men killed in shooting at neighborhood car wash in Birmingham, Alabama
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Why NL champion Diamondbacks think they'll be even better in 2024 | Nightengale's Notebook
- Beyoncé explains why she 'cut all my hair off' in 2013: 'I became super brave'
- LeBron James indicates at NBA All-Star Game intention to remain with Los Angeles Lakers
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
The cost of U.S. citizenship is about to rise
Colorado university mourns loss of two people found fatally shot in dorm; investigation ongoing
Read the full decision in Trump's New York civil fraud case
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
A high cost of living and lack of a pension strain teachers in Alaska. Would bonuses help keep them?
Jaromir Jagr’s return to Pittsburgh ends with Penguins' jersey retirement — and catharsis
Louisiana’s crime-focused special legislative session begins