Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -NextFrontier Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-25 22:26:21
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! (74)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- Celebrate poetry month with People’s Book and Takoma Park's poet laureate
- WNBA mock draft roundup: Predictions for Caitlin Clark, Angel Reese, and more
- Houston area teacher, son charged with recruiting teenage students for prostitution
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
- Houston area teacher, son charged with recruiting teenage students for prostitution
- Judge declines to delay Trump’s NY hush money trial over complaints of pretrial publicity
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- When does NBA play-in tournament start? Games could feature Lakers, Warriors, Heat
Ranking
- Intel's stock did something it hasn't done since 2022
- Authorities say 4 people are dead after a train collided with a pickup in rural Idaho
- DNC paid $1.7 million to Biden's lawyers in special counsel probe
- House approves bill renewing FISA spy program after GOP upheaval threatened passage
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Fracking-Induced Earthquakes Are Menacing Argentina as Regulators Stand By
- Tennessee governor signs bill requiring local officers to aid US immigration authorities
- How far back can the IRS audit you? Here's what might trigger one.
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
2024 Masters tee times for final round Sunday: When does Scottie Scheffler, Tiger Woods tee off?
As a landmark United Methodist gathering approaches, African churches weigh their future.
When does NBA play-in tournament start? Games could feature Lakers, Warriors, Heat
DoorDash steps up driver ID checks after traffic safety complaints
Megan Fox Breaks Silence on Love Is Blind Star Chelsea's Comparison to Her and Ensuing Drama
Iowa Supreme Court overturns $790,000 sexual harassment award to government employee
Shohei Ohtani interpreter allegedly stole $16M from MLB star, lost $40M gambling: What to know