Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -WealthPro Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 16:05:07
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! (4)
Related
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- Why America's Next Top Model Alum Adrianne Curry Really Left Hollywood
- Water rescues underway in Arkansas after a new wave of storms across US and Canada
- Oman says oil tanker's entire crew missing after ship capsized off coast
- Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
- Massachusetts lawmakers reach compromise deal on gun bill
- Here's how to get rid of bees around your home
- Joe Manganiello disputes Sofía Vergara's claim they divorced over having children
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Joe Manganiello disputes Sofía Vergara's claim they divorced over having children
Ranking
- A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
- Tress to Impress: The 27 Best Hair Care Deals This Prime Day as Low as $5.50
- Not having Pride Night didn’t exclude Rangers from hosting All-Star Game, Manfred says
- 'Simone Biles Rising': Acclaimed gymnast describes Tokyo as 'trauma response'
- Buckingham Palace staff under investigation for 'bar brawl'
- July 2024 full moon rises this weekend. But why is it called a 'buck moon'?
- Billy Ray Cyrus Granted Emergency Motion to Stop Ex Firerose From Using Credit Cards
- Police Officer Stuns America's Got Talent Judges With Showstopping Ed Sheeran Cover Dedicated to His Wife
Recommendation
Tom Holland's New Venture Revealed
'Simone Biles Rising': Acclaimed gymnast describes Tokyo as 'trauma response'
Joe Manganiello disputes Sofía Vergara's claim they divorced over having children
Maren Morris Reacts to Her NSFW Wardrobe Malfunction With Help From Cardi B and Megan Thee Stallion
Residents in Alaska capital clean up swamped homes after an ice dam burst and unleashed a flood
'Simone Biles Rising': Acclaimed gymnast describes Tokyo as 'trauma response'
Climate change is making days (a little) longer, study says
Emmy nomination snubs and shocks: No 'Frasier,' but hooray for Selena Gomez