Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -Excel Money Vision
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 22:35:11
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! (82)
Related
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Police issue arrest warrant for 19-year-old acquaintance in death of Philadelphia journalist
- FTX founder slept on beanbag at $35M Bahamas apartment: Witness
- Crocs unveils boldest shoe design yet in response to fans, just in time for 'Croctober'
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Trump campaign says he raised $45.5 million in 3rd quarter, tripling DeSantis' fundraisng
- Vermont police launch manhunt for 'armed and dangerous' suspect after woman found dead
- FTX founder slept on beanbag at $35M Bahamas apartment: Witness
- B.A. Parker is learning the banjo
- Ranking MLB's eight remaining playoff teams: Who's got the best World Series shot?
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Michigan judge to decide whether to drop charges against 2 accused in false elector scheme
- Powerball at its 33rd straight drawing, now at $1.4 billion
- Biden administration hasn't changed policy on border walls, Mayorkas says
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Fire sweeps through a 6-story residential building in Mumbai, killing 6 and injuring dozens
- Icy flood that killed at least 41 in India’s northeast was feared for years
- Economic spotlight turns to US jobs data as markets are roiled by high rates and uncertainties
Recommendation
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Heavy rains and floods kill 6 people in Sri Lanka and force schools to close
How did Uruguay cut carbon emissions? The answer is blowing in the wind
Zimbabwe announces 100 suspected cholera deaths and imposes restrictions on gatherings
The Super Bowl could end in a 'three
Changes coming after Arlington National Cemetery suspends use of horses due to health concerns
U.N rights commission accuses South Sudan of violations ahead of elections
Many Americans don't believe in organized religion. But they believe in a higher power, poll finds