Current:Home > ScamsSenate 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
View
Date:2025-04-13 20:31:26
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! (71)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- New Jersey county uses innovative program to treat and prevent drug overdoses
- Celebrating July 2, America's other Independence Day
- China’s Dramatic Solar Shift Could Take Sting Out of Trump’s Panel Tariffs
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Tallulah Willis Shares Why Mom Demi Moore’s Relationship With Ashton Kutcher Was “Hard”
- They're gnot gnats! Swarms of aphids in NYC bugging New Yorkers
- Native American Tribe Gets Federal Funds to Flee Rising Seas
- Former Syrian official arrested in California who oversaw prison charged with torture
- Keystone Pipeline Spills 383,000 Gallons of Oil into North Dakota Wetlands
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Why Khloe Kardashian Doesn’t Feel “Complete Bond” With Son Tatum Thompson
- Man recently released from Florida prison confesses to killing pregnant mother and her 6-year-old in 2002
- New Jersey county uses innovative program to treat and prevent drug overdoses
- Trump invites nearly all federal workers to quit now, get paid through September
- Keystone Pipeline Spills 383,000 Gallons of Oil into North Dakota Wetlands
- Full transcript of Face the Nation, July 2, 2023
- The US Wants the EU to Delay Imposing Trade Penalties on Carbon-Intensive Imports, But Is Considering Imposing Its Own
Recommendation
South Korean president's party divided over defiant martial law speech
Second bus of migrants sent from Texas to Los Angeles
Atlanta Charts a Path to 100 Percent Renewable Electricity
The Ultimatum: Queer Love Relationship Status Check: Who's Still Together?
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
State Department report on chaotic Afghan withdrawal details planning and communications failures
ChatGPT maker OpenAI sued for allegedly using stolen private information
The Ultimatum’s Xander Shares What’s Hard to Watch Back in Vanessa Relationship