Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -Keystone Wealth Vision
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 07:11:09
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! (89)
Related
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Greta Gerwig Reveals the Story Behind Barbie's “Mic Drop” Ending
- Her work as a pioneering animator was lost to history — until now
- Report: Kentucky crime statistics undercounted 2022 homicides in the state’s most populous county
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Amber Heard said she has decided to settle Johnny Depp's case against her
- 'Visualizing the Virgin' shows Mary in the Middle Ages
- Baby raccoon's pitiful cries for mom are heartbreaking. Watch a boater step in to help.
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- What to know about the Hunter Biden investigations
Ranking
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Investigators pore over evidence from the home of alleged Gilgo Beach serial killer as search ends
- Fire rages after reactor 'catastrophically failed' at Pittsburgh power substation
- What to know about the Hunter Biden investigations
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Josh Gondelman on Bullseye's End of Year Stand-Up Comedy Spectacular
- Anyone who used Facebook in the last 16 years can now get settlement money. Here's how.
- Wisconsin drops lawsuit challenging Trump-era border wall funding
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Sheryl Lee Ralph opens up about when her son was shot: 'I collapsed and dropped the phone'
Justin Chang pairs the best movies of 2022, and picks 'No Bears' as his favorite
Bill Cosby plans to tour in 2023 even as he faces a new sexual assault lawsuit
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
The Hills' Whitney Port Addresses Concerns Over Her Weight
U.N. Command talking with North Korea about fate of Travis King, American soldier who crossed border
A Lyle Lovett band member spotted a noose in Montana. Police are investigating it as hate crime