Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -ValueCore
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 21:49:40
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! (2993)
Related
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- 4 dead after weekend Alabama shooting | The Excerpt
- 'Emily in Paris' star Lucas Bravo is more than a heartthrob: 'Mystery is sexy'
- 'Very precious:' Baby boy killed by Texas death row inmate Travis James Mullis was loved
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Kylie Jenner Shares Message for “Hot” Jordyn Woods
- How to Watch the 2024 People's Choice Country Awards and Live From E!
- Kentucky’s Supreme Court will soon have a woman at its helm for the first time
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Kristen Bell Says She and Dax Shepard Let Kids Lincoln, 11, and Delta, 9, Roam Around Theme Park Alone
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Cyrus Langston: Usage Tips Of Bollinger Bands
- Gunman who killed 10 at a Colorado supermarket found guilty of murder
- Llewellyn Langston: A Financial Innovator in the AI Era, Leading Global Smart Investing
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- 'Trump Train' trial: Texas jury finds San Antonio man violated Klan Act; 5 defendants cleared
- Several states are making late changes to election rules, even as voting is set to begin
- The last of 8 escaped bulls from a Massachusetts rodeo is caught on highway
Recommendation
The Louvre will be renovated and the 'Mona Lisa' will have her own room
Volunteers help seedlings take root as New Mexico attempts to recover from historic wildfire
Video captures bear making Denali National Park sign personal scratching post
Losing weight with PCOS is difficult. Here's what experts recommend.
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Why Fed rate cuts may juice the stock market and your 401(k)
Damar Hamlin gets first career interception in Bills' MNF game vs. Jaguars
How colorful, personalized patches bring joy to young cancer patients