Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -Streamline Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 14:10:20
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! (1)
Related
- Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
- Darren Aronofsky says new film at Sphere allows viewers to see nature in a way they've never experienced before
- South Korea says it expressed concern to China for sending North Korean escapees back home
- A music festival survivor fleeing the attack, a pair of Hamas militants and a deadly decision
- Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
- Barbieland: Watch Utah neighborhood transform into pink paradise for Halloween
- Sam's Club offers up to 70% discounts on new memberships through the weekend
- X-rays of the Mona Lisa reveal new secret about Leonardo da Vinci masterpiece
- From bitter rivals to Olympic teammates, how Lebron and Steph Curry became friends
- Troye Sivan harnesses ‘levity and fun’ to fuel third full album, ‘Something to Give Each Other’
Ranking
- A Georgia governor’s latest work after politics: a children’s book on his cats ‘Veto’ and ‘Bill’
- Arkansas Supreme Court upholds procedural vote on governor’s education overhaul
- Muslims gather at mosques for first Friday prayers since Israel-Hamas war started
- Get $160 Worth of Sunday Riley Brightening Skincare Products for Just $88
- Man charged with murder in death of beloved Detroit-area neurosurgeon
- Man pleads guilty, gets 7 years in prison on charges related to Chicago officer’s killing
- Thursday marks 25 years since Matthew Shepard's death, but activists say LGBTQ+ rights are still at risk
- Colorado judge strikes down Trump’s attempt to toss a lawsuit seeking to bar him from the ballot
Recommendation
Taylor Swift Cancels Austria Concerts After Confirmation of Planned Terrorist Attack
5 things podcast: Book bans hit fever pitch. Who gets to decide what we can or can't read?
Castellanos hits 2 homers, powers Phillies past Braves 3-1 and into NLCS for 2nd straight season
2 women charged after operating unlicensed cosmetic surgery recovery house in Miami
The Daily Money: Spending more on holiday travel?
Here's Your First Look at Sydney Sweeney and Glen Powell's Headline-Making Movie Anyone But You
Deputies recapture Georgia prisoner after parents jailed for helping him flee hospital
Coach Outlet Has Perfect Pieces to Make Your Eras Tour Movie Outfit Shine