Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -OceanicInvest
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 13:53:59
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! (14)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Turkish minister says Somalia president’s son will return to face trial over fatal highway crash
- Whoopi Goldberg receives standing ovation from 'The Color Purple' cast on 'The View': Watch
- Rights expert blasts Italy’s handling of gender-based violence and discrimination against women
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Why Twilight’s Taylor Lautner and Robert Pattinson “Never Really Connected on a Deep Level”
- Japan’s Kishida replaces 4 ministers linked to slush funds scandal to contain damage to party
- Why Argentina’s shock measures may be the best hope for its ailing economy
- Average rate on 30
- Florida teachers file federal suit against anti-pronoun law in schools
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Bradley Cooper poses with daughter Lea De Seine at 'Maestro' premiere: See the photos
- Dow hits record high as investors cheer Fed outlook on interest rates
- Man charged with murder of Detroit synagogue leader Samantha Woll
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Maalik Murphy is in the transfer portal, so what does this mean for the Texas Longhorns?
- Buying a car? FTC reveals new CARS Rule to protect consumers from illegal dealership scams
- Are Costco, Kroger, Publix, Aldi open on Christmas 2023? See grocery store holiday status
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Oprah Winfrey opens up about using weight-loss medication: Feels like relief
Amazon rift: Five things to know about the dispute between an Indigenous chief and Belgian filmmaker
U.S. Coast Guard and cruise line save 12 passengers after boat sinks near Dominican Republic
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
'The Crown' ends as pensive meditation on the most private public family on Earth
Rights expert blasts Italy’s handling of gender-based violence and discrimination against women
Colombian congressional panel sets probe into president over alleged campaign finance misdeeds