Current:Home > MySenate 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:2025-04-13 02:56:14
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! (92181)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- 2 children dead and 11 people injured in stabbing rampage at a dance class in England, police say
- Park Fire is the largest of more than 100 fires currently ablaze across US
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Showbiz Grand Slam
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- USWNT dominates in second Paris Olympics match: Highlights from USA's win over Germany
- USA Women's Basketball vs. Japan live updates: Olympic highlights, score, results
- Khloe Kardashian Shares Glimpse Inside Son Tatum’s Dinosaur-Themed 2nd Birthday Party
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Olympics soccer winners today: USWNT's 4-1 rout of Germany one of six Sunday matches in Paris
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Not All Companies Disclose Emissions From Their Investments, and That’s a Problem for Investors
- The latest stop in Jimmer Fredette's crazy global hoops journey? Paris Olympics.
- Powerball winning numbers for July 27 drawing: Jackpot now worth $144 million
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Noah Lyles says his popularity has made it hard to stay in Olympic Village
- Sinéad O'Connor's cause of death revealed: Reports
- Lana Condor Details “Sheer Devastation” After Death of Mom Mary Condor
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
American swimmer Nic Fink wins silver in men's 100 breaststroke at Paris Olympics
Canada appeals Olympic women's soccer spying penalty, decision expected Wednesday
Hawaii man killed self after police took DNA sample in Virginia woman’s 1991 killing, lawyers say
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Police announce second death in mass shooting at upstate New York park
How Brazil's Rebeca Andrade, world's other gymnasts match up with Simone Biles at Olympics
Martin Phillipps, guitarist and lead singer of The Chills, dies at 61