Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -VitalEdge Finance Pro
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 16:50:17
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! (133)
Related
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Patrick Mahomes Says Taylor Swift Has Been “Drawing Up Plays” for Kansas City Chiefs
- NHL Star Johnny Gaudreau, 31, and His Brother Matthew, 29, Dead After Biking Accident
- Poland eases abortion access with new guidelines for doctors under a restrictive law
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Governor appoints ex-school board member recalled over book ban push to Nebraska’s library board
- From 'The Fall Guy' to Kevin Costner's 'Horizon,' 10 movies you need to stream right now
- From 'The Fall Guy' to Kevin Costner's 'Horizon,' 10 movies you need to stream right now
- Retirement planning: 3 crucial moves everyone should make before 2025
- Measures to legalize medical marijuana in Nebraska can appear on November ballot, official says
Ranking
- Messi injury update: Ankle 'better every day' but Inter Miami star yet to play Leagues Cup
- Man arrested in Colorado dog breeder’s killing, but the puppies are still missing
- Carlos Alcaraz’s surprising US Open loss to Botic van de Zandschulp raises questions
- Allison Holker, wife of the late Stephen 'tWitch' Boss, teases a new relationship
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Women behind bars are often survivors of abuse. A series of new laws aim to reduce their sentences
- Everything Our Staff Loved This Month: Shop Our August Favorites
- Contract security officers leave jail in Atlanta after nonpayment of contract
Recommendation
Sam Taylor
GOP nominee for governor in North Carolina has a history of inflammatory words. It could cost Trump
Canadian rail union says it has filed lawsuits challenging back-to-work orders
Tallulah Willis Shares Insight Into Her Mental Health Journey Amid New Venture
Boy who wandered away from his 5th birthday party found dead in canal, police say
Priceless Ford 1979 Probe I concept car destroyed in fire leaving Pebble Beach Concours
Harris says Trump tariffs will cost Americans $4k/year. Economists are skeptical.
Artem Chigvintsev Says Nikki Garcia Threw Shoes at Him in 911 Call Made Before Arrest