Current:Home > MarketsSenate 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:2025-04-11 20:55:36
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! (3)
Related
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- Walgreens limits Gummy Mango candy sales to one bag per customer
- Colorado dentist accused of killing wife with poison tried to plant letters to make it look like she was suicidal, police say
- Who's hosting 'SNL' tonight? Cast, musical guest, where to watch May 4 episode
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- Walgreens limits Gummy Mango candy sales to one bag per customer
- Hundreds rescued from floodwaters around Houston as millions in Texas, Oklahoma, remain under threat
- Oregon’s Owyhee Canyonlands Is the Biggest Conservation Opportunity Left in the West. If Congress Won’t Protect it, Should Biden Step in?
- North Carolina justices rule for restaurants in COVID
- Israel's Netanyahu is determined to launch a ground offensive in Rafah. Here's why, and why it matters.
Ranking
- Organizers cancel Taylor Swift concerts in Vienna over fears of an attack
- Morgan Wallen's next court appearance date set in Nashville rooftop chair throwing case
- Anna Nicole Smith's 17-Year-Old Daughter Dannielynn Looks All Grown Up at the Kentucky Derby
- Sierra Nevada records snowiest day of the season from brief but potent California storm
- Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
- Mike Trout's GOAT path halted by injuries. Ken Griffey Jr. feels the Angels star's pain.
- Where pro-Palestinian university protests are happening around the world
- Australian police shoot dead a boy, 16, armed with a knife after he stabbed a man in Perth
Recommendation
Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
Colorado dentist accused of killing wife with poison tried to plant letters to make it look like she was suicidal, police say
Pro-Palestinian protesters at USC comply with school order to leave their encampment
Shooting suspect dies following police standoff that closed I-80 in Bay Area Friday
A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
Caitlin Clark makes WNBA debut: Recap, highlights as Arike Ogunbowale, Wings edge Fever
Travis Kelce in attendance at 2024 Kentucky Derby at Churchill Downs
Mystik Dan won the Kentucky Derby by a whisker. The key? One great ride.