Current:Home > FinanceSenate 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
View
Date:2025-04-14 12:13:50
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! (4)
Related
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- Courteney Cox’s Junk Room Would Not Have Monica’s Stamp of Approval
- Oil production boosts government income in New Mexico, as legislators build savings ‘bridge’
- Oil production boosts government income in New Mexico, as legislators build savings ‘bridge’
- Louisiana high court temporarily removes Judge Eboni Johnson Rose from Baton Rouge bench amid probe
- Notre Dame vs. Navy in Ireland: Game time, how to watch, series history and what to know
- Mar-a-Lago IT worker was told he won't face charges in special counsel probe
- Massachusetts lottery had $25M, two $1M winners in the month of August
- A South Texas lawmaker’s 15
- Summer School 7: Negotiating and the empathetic nibble
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- 16 Affordable Fashion Finds Amazon Reviewers Say Are Perfect for Travel
- Summer School 7: Negotiating and the empathetic nibble
- Aaron Rodgers no longer spokesperson for State Farm after 12-year partnership, per report
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- If You Hate Working Out, but You Want To Get in Shape, These Are the 14 Products That You Need
- India’s spacecraft is preparing to land on the moon in the country’s second attempt in 4 years
- The painful pandemic lessons Mandy Cohen carries to the CDC
Recommendation
Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
Black bear euthanized after attacking 7-year-old boy in New York
'Blue Beetle' is a true-blue surprise
Zendaya Slams Hurtful Rumors About Law Roach Fashion Show Drama
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
Justice Department announces charges against hundreds of alleged COVID-19 fraudsters
Big Pennsylvania state employee unions ratify new 4-year agreements with Shapiro administration
16 dead, 36 injured after bus carrying Venezuelan migrants crashes in Mexico