Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -EverVision Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-25 21:05:29
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! (21318)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Tom Daley’s Son Phoenix Makes a Splash While Interrupting Diver After Olympic Medal Win
- Perfect photo of near-perfect surfer goes viral at 2024 Olympics
- Lands’ End 75% off Sale Includes Stylish Summer Finds, Swimwear & More, Starting at $11
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- New Jersey judge rejects indictment against officer charged with shooting man amid new evidence
- Perfect photo of near-perfect surfer goes viral at 2024 Olympics
- Car plunges hundreds of feet off Devil's Slide along California's Highway 1, killing 3
- The Daily Money: Spending more on holiday travel?
- 2024 Olympics: Jade Carey Makes Epic Return to Vault After Fall at Gymnastics Qualifiers
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Wisconsin man sentenced for threatening to shoot lawmakers if they passed a bill to arm teachers
- Team USA to face plenty of physicality as it seeks eighth consecutive gold
- Construction company in Idaho airport hangar collapse ignored safety standards, OSHA says
- DoorDash steps up driver ID checks after traffic safety complaints
- ACOTAR TV Show Update Will Have Book Fans Feeling Thorny
- August execution date set for Florida man involved in 1994 killing and rape in national forest
- Chelsea Handler slams JD Vance for 'childless cat ladies' comment: 'My God, are we tired'
Recommendation
The White House is cracking down on overdraft fees
Best of 'ArtButMakeItSports': Famed Social media account dominates Paris Olympics' first week
Watch this toddler tap out his big sister at Air Force boot camp graduation ceremony
A New York state police recruit is charged with assaulting a trooper and trying to grab his gun
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Paris Olympics highlights: USA adds medals in swimming, gymnastics, fencing
How Harris and Trump differ on artificial intelligence policy
California city unveils nation’s first all electric vehicle police fleet