Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -CoinMarket
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 16:42:34
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! (1671)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- If you're having a panic attack, TikTokers say this candy may cure it. Experts actually agree.
- Raheem Morris is getting most from no-name Rams D – and boosting case for NFL head-coach job
- 'The Challenge' is understanding why this 'Squid Game' game show was green-lit
- New data highlights 'achievement gap' for students in the US
- Romanian guru suspected of running international sex sect handed preliminary charges with 14 others
- Texas must remove floating Rio Grande border barrier, federal appeals court rules
- Why solar-powered canoes could be good for the future of the rainforest
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- No. 12 Kentucky basketball upset by UNC Wilmington
Ranking
- Travis Hunter, the 2
- Shane MacGowan, longtime frontman of The Pogues, dies at 65, family says
- Tori Spelling and Her Kids Have a Family Night Out at Jingle Ball 2023
- Beyoncé’s ‘Renaissance’ is No. 1 at the box office with $21 million debut
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Lacking counselors, US schools turn to the booming business of online therapy
- 'Christmas tree syndrome' is real. Here's how to avoid it this holiday season.
- Bullets scattered on Rhode Island roadway after wild pursuit of vehicle laden with ammo
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
'Wait Wait' for December 2, 2023: With Not My Job guest Dakota Johnson
How a quadruple amputee overcame countless rejections to make his pilot dreams take off
Kiss performs its final concert. But has the band truly reached the 'End of the Road'?
In ‘Nickel Boys,’ striving for a new way to see
Pottery Barn's Holiday Sale Is Up To 50% Off, With Finds Starting At Just $8
Lacking counselors, US schools turn to the booming business of online therapy
Protester lights self on fire outside Israeli consulate in Atlanta