Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -VitalWealth Strategies
Senate begins final push to expand Social Security benefits for millions of people
Robert Brown View
Date:2025-04-08 05:38:32
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! (57385)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- West Virginia bill adding work search to unemployment, freezing benefits made law without signature
- Home Depot buying supplier to professional contractors in a deal valued at about $18.25B
- Out of Africa: Duke recruit Khaman Maluach grew game at NBA Academy in Senegal
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- A timeline of the downfall of Sam Bankman-Fried and the colossal failure of FTX
- Twitch streamer Tyler 'Ninja' Blevins reveals skin cancer diagnosis, encourages skin checkups
- Photos released from on board the Dali ship as officials investigate Baltimore bridge collapse
- Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
- West Virginia bill adding work search to unemployment, freezing benefits made law without signature
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Barges are bringing cranes to Baltimore to help remove bridge wreckage and open shipping route
- I'm a Realtor. NAR settlement may not be as good for home buyers and sellers as they think.
- Riley Strain Case: Family Orders Second Autopsy After Discovery
- Sam Taylor
- Judge rejects officers’ bid to erase charges in the case of a man paralyzed after police van ride
- Thailand lawmakers pass landmark LGBTQ marriage equality bill
- Fourth Wing Author Rebecca Yarros Reveals Release Date of 3rd Book in Her Series
Recommendation
PHOTO COLLECTION: AP Top Photos of the Day Wednesday August 7, 2024
Beyoncé called out country music at CMAs. With 'Act II,' she's doing it again.
Joe Lieberman, longtime senator and 2000 vice presidential nominee, dies at 82
Judge forges ahead with pretrial motions in Georgia election interference case
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Baltimore bridge rescues called off; insurers face billions in losses: Live updates
Riley Strain Case: Family Orders Second Autopsy After Discovery
Black pastors see popular Easter services as an opportunity to rebuild in-person worship attendance