Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -Keystone Capital Education
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 09:39:30
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! (39)
Related
- The Super Bowl could end in a 'three
- Panthers now 2 wins from the Stanley Cup, top Oilers 4-1 for 2-0 lead in title series
- Older worker accuses defense contractor of discriminating by seeking recent college grads
- Why It Girls Get Their Engagement Rings From Frank Darling
- Senate begins final push to expand Social Security benefits for millions of people
- California socialite gets 15 to life for 2020 hit-and-run deaths of two young brothers
- Former President Jimmy Carter Is No Longer Awake Every Day Amid Hospice Care
- Dutch king and queen visit Georgia’s oldest city and trade powerhouse during US visit
- Former longtime South Carolina congressman John Spratt dies at 82
- YouTuber Ben Potter Dead at 40 After “Unfortunate Accident”
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Republicans seek to unseat Democrat in Maine district rocked by Lewiston shooting
- US opts for experience and versatility on Olympic women’s basketball roster, passes on Caitlin Clark
- Michigan couple, attorney announced as winners of $842.4 million Powerball jackpot
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Far-right parties gain seats in European Parliament elections
- Mindy Kaling Teams Up With Andie for Cute Summer Camp-Inspired Swimsuits You Can Shop Now
- Adam Scott appears in teaser for new season of Apple TV's 'Severance': 'Welcome back'
Recommendation
Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
YouTuber Ben Potter Dead at 40 After “Unfortunate Accident”
California socialite gets 15 to life for 2020 hit-and-run deaths of two young brothers
$552 million Mega Millions jackpot claimed in Illinois; winner plans to support mom
Senate begins final push to expand Social Security benefits for millions of people
Feds: Criminals are using 3D printers to modify pistols into machine guns
Nevadans vote in Senate primaries with competitive general election on horizon
Jennifer Aniston launches children’s book series with best ‘friend’ Clydeo the dog