Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -AssetScope
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 22:21:12
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! (6455)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- The Crown Season 6 Premiere Dates Revealed in New Teaser
- Florida settles lawsuit over COVID data, agrees to provide weekly stats to the public
- New York Jets OL Alijah Vera-Tucker out for the season with a torn Achilles tendon
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Deal struck on contentious road in divided Cyprus that triggered an assault against UN peacekeepers
- Dominican Republic to reopen its border to essential trade but not Haitians
- Meta Quest 3 review: powerful augmented reality lacks the games to back it up
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Vatican defends wartime Pope Pius XII as conference honors Israeli victims of Hamas incursion
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Auto workers begin strike at GM plants in Canada
- Donald Trump’s civil fraud trial resuming with ex-CFO Allen Weisselberg on the witness stand
- Flag football in the Olympics? Cricket, lacrosse also expected as new sports for 2028
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Powerball jackpot winners can collect the $1.5 billion anonymously in these states
- Israel declares war after Hamas attacks, Afghanistan earthquake: 5 Things podcast
- Jets, OC Nathaniel Hackett get last laugh in win against Sean Payton, Broncos
Recommendation
Military service academies see drop in reported sexual assaults after alarming surge
Proof Lady Gaga and Michael Polansky Breakup Rumors Were a Perfect Illusion
Mast snaps aboard historic Maine schooner, killing 1 and injuring 3
The Crown Season 6 Premiere Dates Revealed in New Teaser
Intel's stock did something it hasn't done since 2022
Appeals court upholds order delaying this week’s execution of Texas inmate for deadly carjacking
An 'anti-World's Fair' makes its case: give land back to Native Americans
Man fatally shot while hunting with friends for coyotes in Iowa