Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -AlphaFinance Experts
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 00:15:18
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! (84987)
Related
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Oprah Winfrey and Gayle King Address Longstanding Rumors They’re in a Relationship
- California date palm ranches reap not only fruit, but a permit to host weddings and quinceañeras
- 'Transformers One': Chris Hemsworth embraces nostalgia as Optimus Prime
- Sam Taylor
- 'Transformers One': Chris Hemsworth embraces nostalgia as Optimus Prime
- Wisconsin DNR says emerald ash borer find in Burnett County means beetle has spread across state
- Australian amputates part of finger to compete at Paris Olympics
- USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
- Judge takes final step to overturn Florida’s ‘Stop WOKE Act’
Ranking
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- WWII veteran killed in Germany returns home to California
- How many countries are participating in the 2024 Paris Olympics?
- Shane Lowry carries flag for Irish Olympic team that's set to include Rory McIlroy
- Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
- How many countries are participating in the 2024 Paris Olympics?
- Sophia Bush, Zendaya, more looks from Louis Vuitton event ahead of 2024 Paris Olympics: See photos
- How many US athletes are competing at 2024 Paris Olympics? Full Team USA roster
Recommendation
Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
MLB's best make deadline deal: Austin Hays to Phillies, Orioles get bullpen help
Who Is Lady Deadpool? Actress Revealed Amid Blake Lively, Taylor Swift Cameo Rumors
Chicago Bears wish Simone Biles good luck at 2024 Paris Olympics
Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
Wiz Khalifa and Girlfriend Aimee Aguilar Welcome First Baby Together
Kamala Harris, Taylor Swift, Jennifer Aniston and when we reduce women to 'childless cat ladies'
Billy Joel's Daughters Della, 8, and Remy, 6, Make Rare Public Appearance for Final Residency Show