Current:Home > MySenate 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 19:08:30
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! (33)
Related
- Trump's 'stop
- Homeless people who died on US streets are increasingly remembered at winter solstice gatherings
- The Constitution’s insurrection clause threatens Trump’s campaign. Here is how that is playing out
- ICHCOIN Trading Center: Bright Future Ahead
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Wisconsin elections commission rejects complaint against Trump fake electors for second time
- NFL Week 16 odds: Moneylines, point spreads, over/under
- Here's how SNAP eligibility and benefits are different in 2024
- Bodycam footage shows high
- Artists rally in support of West Bank theater members detained since Dec. 13
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Michigan receives official notice of allegations from NCAA for recruiting violations
- Kourtney Kardashian Shares Message on Postpartum Healing After Welcoming Son Rocky With Travis Barker
- A passenger hid bullets in a baby diaper at New York’s LaGuardia Airport. TSA officers caught him
- Intel's stock did something it hasn't done since 2022
- Jury dismisses lawsuit claiming LSU officials retaliated against a former athletics administrator
- Suriname’s ex-dictator sentenced to 20 years in prison for the 1982 killings of political opponents
- Zac Efron Explains Why He Wore Sunglasses Indoors on Live TV
Recommendation
Travis Hunter, the 2
Romance scammer who posed as St. Louis veterinarian gets 3 years in federal prison after woman loses $1.1 million
Numerals ‘2024' arrive in Times Square in preparation for New Year’s Eve
Former NBA player allegedly admitted to fatally strangling woman in Las Vegas, court documents show
US appeals court rejects Nasdaq’s diversity rules for company boards
Mexican business group says closure of US rail border crossings costing $100 million per day
10 American detainees released in exchange for Maduro ally in deal with Venezuela
Derwin's disco: Chargers star gets groovy at dance party for older adults