Current:Home > InvestSenate 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:2025-04-14 09:33:32
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! (967)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- When is Passover 2024? What you need to know about the Jewish holiday
- Could tugboats have helped avert the bridge collapse tragedy in Baltimore?
- 2024 NHL playoffs: Bracket, updated standings, latest playoff picture and more
- Immigration issues sorted, Guatemala runner Luis Grijalva can now focus solely on sports
- Arkansas, local officials mark anniversary of tornadoes that killed four and destroyed homes
- Lawsuit accuses Special Olympics Maine founder of grooming, sexually abusing boy
- Lawsuit accuses Special Olympics Maine founder of grooming, sexually abusing boy
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Key takeaways about the condition of US bridges and their role in the economy
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Summer House's Lindsay Hubbard Made This NSFW Sex Confession Before Carl Radke Breakup
- Sean Diddy Combs Seen for the First Time Since Federal Raids at His Homes
- Melissa Joan Hart expresses solidarity with Nickelodeon child stars in 'Quiet on Set' docuseries
- RFK Jr. closer to getting on New Jersey ballot after judge rules he didn’t violate ‘sore loser’ law
- Kelly Osbourne Swaps Out Signature Purple Hair for Icy Look in New Transformation
- DA suggests Donald Trump violated gag order with post about daughter of hush-money trial judge
- A Filipino villager is nailed to a cross for the 35th time on Good Friday to pray for world peace
Recommendation
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Last-minute shift change may have saved construction worker from Key Bridge collapse
Is apple juice good for you? 'Applejuiceification' is the internet's latest controversy.
Connecticut becomes one of the last states to allow early voting after years of debate
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
What restaurants are open Easter 2024? Details on Starbucks, McDonald's, fast food, takeout
When is Passover 2024? What you need to know about the Jewish holiday
The Texas attorney general is investigating a key Boeing supplier and asking about diversity