Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -MoneyStream
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-19 10:31:20
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
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- Santa Fe considers tax on mansions as housing prices soar
- Vanessa Hudgens Reveals If She'll Take Cole Tucker's Last Name After Their Wedding
- Cedar Fair and Six Flags will merge to create a playtime powerhouse in North America
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Chicago father faces 30-year sentence for avenging son's murder in years-long gang war
- Closing arguments scheduled Friday in trial of police officer charged in Elijah McClain’s death
- Movies and TV shows affected by Hollywood actors and screenwriters’ strikes
- Golf's No. 1 Nelly Korda looking to regain her form – and her spot on the Olympic podium
- Grim yet hopeful addition to National WWII Museum addresses the conflict’s world-shaping legacy
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Virginia woman wins $50k, then over $900k the following week from the same online lottery game
- Uber, Lyft agree to $328 million settlement over New York wage theft claims
- 'Nightmare': How Category 5 Hurricane Otis shocked forecasters and slammed a major city
- 'Stranger Things' prequel 'The First Shadow' is headed to Broadway
- Listen to the last new Beatles’ song with John, Paul, George, Ringo and AI tech: ‘Now and Then’
- A Pennsylvania nurse is accused of killing 4 patients, injuring others with high doses of insulin
- Breonna Taylor’s neighbor testified son was nearly shot by officer’s stray bullets during 2020 raid
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
US jobs report for October could show solid hiring as Fed watches for signs of inflation pressures
Officers fatally shoot knife-wielding man at a popular California restaurant after machete attack
House blocks effort to censure Rashida Tlaib
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Bank of England keeps main UK interest rate unchanged at 15-year high of 5.25%
AP Week in Pictures: Global | Oct. 27 - Nov. 2, 2023
Khloe Kardashian’s Son Tatum Is Fast and Furious in Dwayne Johnson Transformation