Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -FundGuru
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-12 21:38:19
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! (372)
Related
- Louvre will undergo expansion and restoration project, Macron says
- Team USA cyclist Chloe Dygert wins bronze medal in individual time trial
- Is Christian Pulisic playing in the Olympics? Why USMNT star isn't at 2024 Paris Games
- Apple has reached its first-ever union contract with store employees in Maryland
- Intel's stock did something it hasn't done since 2022
- Eiffel Tower glows on rainy night, but many fans can't see opening ceremony
- Three members of family gospel group The Nelons killed in Wyoming plane crash
- Anthony Edwards up for challenge against US women's table tennis team
- Trump's 'stop
- When is Olympic gymnastics balance beam final? What to know about Paris Games event
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Eiffel Tower glows on rainy night, but many fans can't see opening ceremony
- Photos and videos capture intense flames, damage from Park Fire in California
- Dwyane Wade Olympics broadcasting: NBA legend, Noah Eagle's commentary praised on social media
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- How photographer Frank Stewart captured the culture of jazz, church and Black life in the US
- Team USA members hope 2028 shooting events will be closer to Olympic Village
- How 2024 Olympics Heptathlete Chari Hawkins Turned “Green Goblin” of Anxiety Into a Superpower
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Team USA members hope 2028 shooting events will be closer to Olympic Village
How deep is the Olympic swimming pool? Everything to know about its dimensions, capacity
Who Is Barron Trump? Get to Know Donald Trump and Melania Trump's 18-Year-Old Son
Woman dies after Singapore family of 3 gets into accident in Taiwan
Did Katie Ledecky win? How she finished in 400 free, highlights from Paris Olympics
Secrets About the Dallas Cowboys Cheerleaders Straight From the Squad
Should Companies Get Paid When Governments Phase Out Fossil Fuels? They Already Are