Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -GlobalInvest
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 12:08:32
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! (1176)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- A psychologist explains why your brain loves cheesy holiday movies
- Serbia’s populists look to further tighten grip on power in tense election
- 27 Practical Gifts From Amazon That People Will Actually Want To Receive for the Holidays
- What do we know about the mysterious drones reported flying over New Jersey?
- Jake Browning legend continues as the Bengals beat the Vikings
- Elon Musk set to attend Italy leader Giorgia Meloni's conservative Atreju political festival in Rome
- You Can Get These Kate Spade Bags for Less Than $59 for the Holidays
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- There's still time (barely) to consolidate student loans for a shot at debt forgiveness
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Tyreek Hill won't suit up for Dolphins' AFC East clash against Jets
- It's time to say goodbye: 10 exit strategies for your Elf on the Shelf
- Israel presses ahead in Gaza as errant killing of captives adds to concern about its wartime conduct
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- ‘Wonka’ waltzes to $39 million opening, propelled by Chalamet’s starring role
- Jungle between Colombia and Panama becomes highway for hundreds of thousands from around the world
- Bethenny Frankel talks feuds, throwing drinks, and becoming an accidental influencer
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
These 18 Great Gifts Have Guaranteed Christmas Delivery & They're All on Sale
Chargers coaching vacancy: Bill Belichick among five candidates to consider
As 2023 holidays dawn, face masks have settled in as an occasional feature of the American landscape
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
South Korea’s military says North Korea has fired a ballistic missile toward its eastern waters
Maury Povich receives lifetime achievement award from wife Connie Chung at Daytime Emmys
Federal judge warns of Jan. 6 case backlog as Supreme Court weighs key obstruction statute