Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -OceanicInvest
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 10:40:15
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! (4697)
Related
- Federal hiring is about to get the Trump treatment
- Turkish Airlines announces order for 220 additional aircraft from Airbus
- Poland picks Donald Tusk as its new leader, bucking Europe's trend to the far right
- LA Bowl put Rob Gronkowski, Jimmy Kimmel in its name but didn't charge for it. Here's why.
- Average rate on 30
- Shohei Ohtani’s contract with the Dodgers could come with bonus of mostly avoiding California taxes
- Her 6-year-old son shot his teacher, now a Virginia woman faces sentencing for child neglect
- Body of sergeant killed when US Air Force Osprey crashed off the coast of Japan is returning home
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- NFL finally gets something right with officiating: first all-Black on field and replay crew
Ranking
- Louvre will undergo expansion and restoration project, Macron says
- Queen Camilla is making her podcast debut: What to know
- Comedian Kenny DeForest Dead at 37 After Bike Accident in NYC
- Queen Camilla is making her podcast debut: What to know
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Michigan State trustees approve release of Larry Nassar documents to state official
- A Thai senator linked to a Myanmar tycoon is indicted for drug trafficking and money laundering
- $600M in federal funding to go toward replacing I-5 bridge connecting Oregon and Washington
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Report: NHL, NHLPA investigating handling of Juuso Valimaki's severe facial injury
Tennessee governor grants clemency to 23 people, including woman convicted of murder
Give the Gift of Cozy for Christmas With These 60% Off Barefoot Dreams Deals
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Farmer sells her food for pennies in a trendy Tokyo district to help young people walking around hungry
Mexico closes melon-packing plant implicated in cantaloupe Salmonella outbreak that killed 8 people
Finland reports a rush of migrant crossings hours before the reclosure of 2 border posts with Russia