Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Wealthify
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 08:48:01
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! (247)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- A Chinese Chemical Company Captures and Reuses 6,000 Tons of a Super-Polluting Greenhouse Gas
- After courtroom outburst, Florida music teacher sentenced to 6 years in prison for Jan. 6 felonies
- Transcript: National Security Adviser Jake Sullivan on Face the Nation, July 16, 2023
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Kate Spade 24-Hour Flash Deal: Get This $280 Crossbody Bag for Just $71
- Maya Hawke Details Lying to Dad Ethan Hawke the Night She Lost Her Virginity
- ERs staffed by private equity firms aim to cut costs by hiring fewer doctors
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Hollywood's Black List (Classic)
Ranking
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- An Indigenous Group’s Objection to Geoengineering Spurs a Debate About Social Justice in Climate Science
- Amazon will send workers back to the office under a hybrid work model
- Hybrid cars are still incredibly popular, but are they good for the environment?
- A South Texas lawmaker’s 15
- Upset Ohio town residents seek answers over train derailment
- Save 56% on an HP Laptop and Get 1 Year of Microsoft Office and Wireless Mouse for Free
- Ariana Grande Kicks Off 30th Birthday Celebrations Early With This Wickedly Festive POV
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Kim Kardashian and Hailey Bieber Reveal If They’ve Joined Mile High Club
The debt ceiling, extraordinary measures, and the X Date. Why it all matters.
Transcript: Mesa, Arizona Mayor John Giles on Face the Nation, July 16, 2023
Sam Taylor
Why Andy Cohen Finds RHONJ's Teresa Giudice and Melissa Gorga Refreshing Despite Feud
As the US Rushes After the Minerals for the Energy Transition, a 150-Year-Old Law Allows Mining Companies Free Rein on Public Lands
In a New Policy Statement, the Nation’s Physicists Toughen Their Stance on Climate Change, Stressing Its Reality and Urgency