Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -CapitalSource
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 18:25:34
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! (9324)
Related
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Documents show OpenAI’s long journey from nonprofit to $157B valued company
- JD Vance refused five times to acknowledge Donald Trump lost 2020 election in podcast interview
- These Sabrina the Teenage Witch Secrets Are Absolutely Spellbinding
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- North Carolina football player Tylee Craft dies from rare lung cancer at 23
- Transit systems are targeting fare evaders to win back riders leery about crime
- What’s behind the northern lights that dazzled the sky farther south than normal
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- If you let your flood insurance lapse and then got hit by Helene, you may be able to renew it
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Determination to rebuild follows Florida’s hurricanes with acceptance that storms will come again
- Millions still without power after Milton | The Excerpt
- Under $50 Necklaces We Can't Get Enough Of
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Ultimate Guide to Cute and Affordable Athleisure: 14 Finds Under $60
- What to watch: A new comedy better than a 'SNL' Weekend Update
- 2 dead, 35 injured after chemical leak of hydrogen sulfide at Pemex Deer Park oil refinery
Recommendation
Average rate on 30
Becky G tour requirements: Family, '90s hip-hop and the Wim Hof Method
Hugh Jackman Makes Public Plea After Broadway Star Zelig Williams Goes Missing
Alabama averts disaster with late defensive stop against South Carolina
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
Why Remi Bader Stopped Posting on Social Media Amid Battle With Depression
Ben Whittaker, Liam Cameron tumble over ropes during light heavyweight fight
Far from where Hurricane Milton hit, tornadoes wrought unexpected damage