Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -StockSource
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 08:10:38
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! (6851)
Related
- Travis Hunter, the 2
- Denver Nuggets defeat Miami Heat for franchise's first NBA title
- Sunnylife’s Long Weekend Must-Haves Make Any Day a Day at the Beach
- Tabitha Brown's Final Target Collection Is Here— & It's All About Having Fun in the Sun
- 'Most Whopper
- Sunnylife’s Long Weekend Must-Haves Make Any Day a Day at the Beach
- RSV recedes and flu peaks as a new COVID variant shoots 'up like a rocket'
- You'll Burn for Jonathan Bailey in This First Look at Him on the Wicked Set With Ariana Grande
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Amy Klobuchar on Climate Change: Where the Candidate Stands
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Meet the Country Music Legend Replacing Blake Shelton on The Voice
- 1 person dead after shooting inside Washington state movie theater
- As Diesel Spill Spreads, So Do Fears About Canada’s Slow Response
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Travis Barker's Kids Send Love to Stepmom Kourtney Kardashian on Mother's Day
- Biden gets a root canal without general anesthesia
- Travis Barker's Kids Send Love to Stepmom Kourtney Kardashian on Mother's Day
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
You'll Burn for Jonathan Bailey in This First Look at Him on the Wicked Set With Ariana Grande
Lisa Rinna Reacts to Andy Cohen’s Claims About Her Real Housewives Exit
Kylie Jenner Shares Never-Before-Seen Photos of Kids Stormi and Aire on Mother's Day
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Biden gets a root canal without general anesthesia
Kendall Jenner and Bad Bunny Were Twinning During Night Out at Lakers Game
RSV recedes and flu peaks as a new COVID variant shoots 'up like a rocket'