Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -FundSphere
Senate begins final push to expand Social Security benefits for millions of people
Chainkeen View
Date:2025-04-07 14:33:08
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! (8358)
Related
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Pennsylvania high court declines to decide mail-in ballot issues before election
- SpaceX launch: Europe's Hera spacecraft on way to study asteroid Dimorphos
- Woman arrested after pregnant woman shot, killed outside Pennsylvania Wawa
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Inside Daisy Kelliher and Gary King's Tense BDSY Reunion—And Where They Stand Today
- Richard Simmons was buried in workout gear under his clothes, brother says: 'Like Clark Kent'
- US disaster relief chief blasts false claims about Helene response as a ‘truly dangerous narrative’
- South Korean president's party divided over defiant martial law speech
- The Garth Brooks news is a big disappointment − and an important reminder
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- 'The Princess Diaries 3' prequel is coming, according to Anne Hathaway: 'MIracles happen'
- Chrissy Teigen Reveals White Castle Lower Back Tattoo
- Miss Teen Rodeo Kansas Emma Brungardt Dead at 19 After Car Crash
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Alabama's flop at Vanderbilt leads college football Misery Index after Week 6
- TikToker Taylor Rousseau Grigg Dead at Age 25
- Chicago mayor names new school board after entire panel resigns amid a fight over district control
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Old Navy’s Cozy Szn Sale Includes $24 Sweaters, $15 Joggers & More Fall-Ready Staples Up to 68% Off
Ole Miss QB Jaxson Dart responds after South Carolina's gun celebration
Chrissy Teigen Reveals White Castle Lower Back Tattoo
Skins Game to make return to Thanksgiving week with a modern look
'We know we're good': Mets pounce after Phillies pull ace in latest rousing comeback
Harris talks abortion and more on ‘Call Her Daddy’ podcast as Democratic ticket steps up interviews
LeBron and son Bronny James play together for the first time in a preseason game for the Lakers