Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -FundPrime
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 17:13:29
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! (3)
Related
- Nevada attorney general revives 2020 fake electors case
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- RFK Jr. closer to getting on New Jersey ballot after judge rules he didn’t violate ‘sore loser’ law
- Tropical rains flood homes in an inland Georgia neighborhood for the second time since 2016
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- Your Wedding Guests Will Thank You if You Get Married at These All-Inclusive Resorts
- Senate begins final push to expand Social Security benefits for millions of people
- 51-year-old Andy Macdonald puts on Tony Hawk-approved Olympic skateboard showing
Ranking
- Travis Hunter, the 2
- Texas man accused of placing 'pressure-activated' fireworks under toilet seats in bathrooms
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
- Military service academies see drop in reported sexual assaults after alarming surge
- How breaking emerged from battles in the burning Bronx to the Paris Olympics stage
- Bet365 ordered to refund $519K to customers who it paid less than they were entitled on sports bets
- USA's Quincy Hall wins gold medal in men’s 400 meters with spectacular finish
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Rapper Nelly is arrested for suspected drug possession at St. Louis-area casino
Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
Roxane Gilmore, former first lady of Virginia, dies at age 70
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
Alabama approved a medical marijuana program in 2021. Patients are still waiting for it.
Intel stock just got crushed. Could it go even lower?