Current:Home > reviewsSenate 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
TradeEdge View
Date:2025-04-06 22:07:18
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! (389)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- 3 workers remain hospitalized after collapse of closed bridge in rural Mississippi killed co-workers
- Megan Marshack, aide to Nelson Rockefeller who was with him at his death in 1979, dies at 70
- We Are Ranking All of Zac Efron's Movies—You Can Bet On Having Feelings About It
- Trump invites nearly all federal workers to quit now, get paid through September
- Liam Payne Death Case: Full 911 Call Released
- Video shows girl calmly evading coyote in her Portland backyard
- Sean Diddy Combs' Baby Oil Was Allegedly Laced With Date Rape Drug
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- The best Halloween movies for scaredy-cats: A complete guide
Ranking
- South Korean president's party divided over defiant martial law speech
- There are 11 remaining college football unbeatens. Predicting when each will lose
- 3 states renew their effort to reduce access to the abortion drug mifepristone
- Florida digs out of mountains of sand swept in by back-to-back hurricanes
- The Daily Money: Spending more on holiday travel?
- We Are Ranking All of Zac Efron's Movies—You Can Bet On Having Feelings About It
- Parkland shooting judge criticizes shooter’s attorneys during talk to law students
- Republicans appeal a Georgia judge’s ruling that invalidates seven election rules
Recommendation
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Lashana Lynch Is Pregnant, Expecting First Baby With Zackary Momoh
NFL Week 7 picks straight up and against spread: Will Chiefs or 49ers win Super Bowl rematch?
A parent's guide to 'Smile 2': Is the R-rated movie suitable for tweens, teens?
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Work in a Cold Office? These Items Will Keep You Warm
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Double Negative
A newborn was found dead at a California dump 30 years ago. His mother was just arrested.