Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -AssetBase
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 14:03:47
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! (5)
Related
- Travis Hunter, the 2
- Vatican makes fresh overture to China, reaffirms that Catholic Church is no threat to sovereignty
- Wembanyama becomes 1st NBA rookie to make first-team All-Defense
- Politically motivated crimes in Germany reached their highest level in 2023 since tracking began
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Ben Affleck Goes Out to Dinner Solo Amid Jennifer Lopez Split Rumors
- Proposed NCAA settlement allowing revenue sharing with athletes faces possible legal hurdle
- Belarus authorities unleash another wave of raids and property seizures targeting over 200 activists
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- UN maritime tribunal says countries are legally required to reduce greenhouse gas pollution
Ranking
- A South Texas lawmaker’s 15
- Politically motivated crimes in Germany reached their highest level in 2023 since tracking began
- Red Lobster cheddar bay biscuits still available in stores amid location closures, bankruptcy
- Boston Celtics benefit from costly Indiana Pacers turnovers to win Game 1 of East finals
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Sites with radioactive material more vulnerable as climate change increases wildfire, flood risks
- Americans in alleged Congo coup plot formed an unlikely band
- The Voice Crowns Season 25 Winner
Recommendation
'We're reborn!' Gazans express joy at returning home to north
18-year-old sues Panera Bread, claims Charged Lemonade caused him to cardiac arrest
The Voice Crowns Season 25 Winner
Minnesota Equal Rights Amendment fails in acrimonious end to legislative session
A South Texas lawmaker’s 15
Trial of Sen. Bob Menendez takes a weeklong break after jurors get stuck in elevator
NHL conference finals begin: How to watch New York Rangers vs Florida Panthers on Wednesday
Surprise attack by grizzly leads to closure of a Grand Teton National Park mountain