Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -ProfitEdge
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 07:17:36
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
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Prosecutors arrest flight attendant on suspicion of trying to record teen girl in airplane bathroom
- A stuntman steering a car with his feet loses control, injuring 9 people in northern Italy
- NFL playoffs injury update: Latest news on Lions, Chiefs, Ravens ' Mark Andrews and more
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Rifts emerge among top Israeli officials over how to handle the war against Hamas in Gaza
- These Are the Best No Show Underwear To Wear Beneath Leggings
- U.S. vet wounded in Ukraine-Russia war urges Congress to approve more funding for Kyiv
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Court ruling could mean freedom for hundreds serving life sentences in Michigan
Ranking
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Japan hopes to join an elite club by landing on the moon: A closer look
- Ohio man kept dead wife's body well-preserved on property for years, reports say
- An Oregon teen saw 3 people die after they slid on ice into a power line. Then she went to help
- Could your smelly farts help science?
- Many animals seized from troubled Virginia zoo will not be returned, judge rules
- Do I have to file my taxes? Here's how to know and why you may want to even if you don't.
- These Are the Best No Show Underwear To Wear Beneath Leggings
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Boeing 747 cargo plane makes emergency landing shortly after takeoff at Miami airport
Princess Diana's Black Cocktail Dress Sells for This Eye-Popping Price
This mother-in-law’s outrageous request went viral. Why 'grandmas' are rejecting that title.
Louvre will undergo expansion and restoration project, Macron says
Dolly Parton celebrates her birthday with a bonus edition of her 'Rockstar' album
Subway adds 3 new foot-long items to its menu. Hint: None of them are sandwiches
African leaders criticize Israel’s military campaign in Gaza and call for an immediate cease-fire