Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -OceanicInvest
Senate begins final push to expand Social Security benefits for millions of people
TradeEdge View
Date:2025-04-06 23:38:27
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! (9)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Christian Combs, Diddy's son, accused of sexual assault in new lawsuit: Reports
- 'Ambitious' plan to reopen channel under collapsed Baltimore bridge by May's end announced
- Taiwan earthquake search and rescue efforts continue with dozens still listed missing and 10 confirmed dead
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- What to know about the $30 million cash heist in Los Angeles
- Colt Ford 'in stable but critical condition' after suffering heart attack post-performance
- Actor in spinoff of popular TV western ‘Yellowstone’ is found dead, authorities say
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- 5 lessons for young athletes (and their parents) from the NCAA Final Four basketball teams
Ranking
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Here's how one airline is planning to provide a total eclipse experience — from 30,000 feet in the air
- Kristin Lyerly, Wisconsin doctor who sued to keep abortion legal in state, enters congressional race
- Shop the JoJo Fletcher x Cupshe Irresistible Line of Swimsuits & Festival Wear Before It Sells Out
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Ohio teacher should be fired for lying about sick days to attend Nashville concert, board says
- ESPN executive Norby Williamson – who Pat McAfee called out – done after nearly 40 years
- EPA head Regan defends $20B green bank: ‘I feel really good about this program’
Recommendation
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Experts predict extremely active Atlantic hurricane season
NC State's D.J. Burns has Purdue star Zach Edey's full attention and respect
French diver slips on springboard, falls into pool during Paris Olympics inauguration
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Pete Townshend on the return of Tommy to Broadway
How Selena Gomez, Camila Morrone and More Celebrated New Parents Suki Waterhouse & Robert Pattinson
What to know about the $30 million cash heist in Los Angeles