Current:Home > NewsSenate 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
Johnathan Walker View
Date:2025-04-07 07:20:40
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! (441)
Related
- Why members of two of EPA's influential science advisory committees were let go
- Dead whale in New Jersey had a fractured skull among numerous injuries, experts find
- Krystal Anderson's Husband Shares Lingering Questions Over Former Kansas City Chiefs Cheerleader's Death
- A state trooper pleaded guilty to assaulting teens over a doorbell prank. He could face prison time
- Grammy nominee Teddy Swims on love, growth and embracing change
- The Most Loved Container Store Items According to E! Readers
- Hamas says Israeli airstrike kills 3 sons of the group's political leader Ismail Haniyeh in Gaza
- Wynonna Judd's Daughter Grace Kelley Charged With Soliciting Prostitution
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- K-Pop Star Park Bo Ram Dead at 30
Ranking
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- If O.J. Simpson’s assets go to court, Goldman, Brown families could be first in line
- 2 Memphis police officers and 2 other people shot in exchange of gunfire, police say
- Arizona Supreme Court's abortion ruling sparks fear, uncertainty
- $73.5M beach replenishment project starts in January at Jersey Shore
- 2 Memphis police officers and 2 other people shot in exchange of gunfire, police say
- 85-year-old Idaho woman who killed intruder committed 'heroic act of self-preservation'
- Sheriff believes body in burned SUV to be South Florida woman who went missing after carjacking
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Shohei Ohtani's interpreter Ippei Mizuhara charged with stealing $16 million from MLB star
Lonton Wealth Management Center: When did the RBA start cutting interest rates?
What to know about Rashee Rice, Chiefs WR facing charges for role in serious crash
Intel's stock did something it hasn't done since 2022
Hawaii-born Akebono Taro, Japan's first foreign-born sumo wrestling grand champion, dead at 54
Denver makes major shift in migrant response by extending support to six months but limiting spaces
'Golden Bachelor' breakup bombshell: Look back at Gerry Turner, Theresa Nist's romance