Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -AssetBase
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 07:57:55
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
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Toby Keith dead at 62: Stars and fans pay tribute to Red Solo Cup singer
- Edmonton Oilers' win streak ends at 16 games after loss to Vegas Golden Knights
- Iran-backed group claims strike on Syria base used by U.S. as Israel-Hamas war fuels risky tit-for-tat
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- RNC Chair Ronna McDaniel has discussed stepping down, AP sources say. But no decision has been made
- The Year of the Dragon is about to begin — here's what to know about the Lunar New Year celebration
- 70 arrests highlight corruption in nation’s largest public housing authority, US Attorney says
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- A record number of Americans can’t afford their rent. Lawmakers are scrambling to help
Ranking
- Sam Taylor
- Mother of 16-year-old who died at Mississippi poultry plant files lawsuit
- Largest-ever MLS preseason event coming to Coachella Valley in 2024
- Bank plans to auction posh property owned by West Virginia Gov. Jim Justice to repay loans
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Georgia House panel passes amended budget with new road spending, cash for bonuses already paid
- NBA trade deadline tracker: Everything to know on latest trades, deals as deadline looms
- Florida zoo welcomes furry baby Hoffman’s two-toed sloth
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Man freed after nearly 40 years in prison after murder conviction in 1984 fire is reversed
Jury deliberations entering 2nd day in trial of Michigan school shooter’s mom
Gap names fashion designer Zac Posen as its new creative director
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
How Prince Harry and King Charles' Relationship Can Heal Amid Cancer Treatment
A bill that would allow armed teachers in Nebraska schools prompts emotional testimony
How many Super Bowls have Chiefs won? Kansas City's championship history explained