Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -AssetLink
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-11 19:47:41
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! (55319)
Related
- Man charged with murder in death of beloved Detroit-area neurosurgeon
- Mexican immigrant families plagued by grief, questions after plant workers swept away by Helene
- As affordable housing disappears, states scramble to shore up the losses
- California vineyard owner says he was fined $120K for providing free housing to his employee
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Inside a North Carolina mountain town that Hurricane Helene nearly wiped off the map
- In Competitive Purple Districts, GOP House Members Paint Themselves Green
- Why Hurricane Helene Could Finally Change the Conversation Around Climate Change
- The White House is cracking down on overdraft fees
- Las Vegas Aces need 'edge' to repeat as WNBA champs. Kelsey Plum is happy to provide it.
Ranking
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- AP News Digest - California
- Boy Meets World's Maitland Ward Details Set Up Rivalry Between Her & Danielle Fishel
- Why Hurricane Helene Could Finally Change the Conversation Around Climate Change
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Ex- Virginia cop who killed shoplifting suspect acquitted of manslaughter, guilty on firearm charge
- Why Sean Diddy Combs Sex Trafficking Case Was Reassigned to a New Judge
- Barbie releases new doll for Diwali to 'celebrate the power and beauty of diversity'
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Dream On: The American Dream now costs $4.4m over a lifetime
A Texas execution is renewing calls for clemency. It’s rarely granted
Halloweentown’s Kimberly J. Brown Reveals Where Marnie Is Today
Messi injury update: Ankle 'better every day' but Inter Miami star yet to play Leagues Cup
You'll Cry a River Over Justin Timberlake's Tribute to Jessica Biel for Their 12th Anniversary
Shaboozey Reveals How Mispronunciation of His Real Name Inspired His Stage Name
NFLPA calls to move media interviews outside the locker room, calls practice 'outdated'