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
View
Date:2025-04-27 14:13:44
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
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- The 'American Dream' has always been elusive. Is it still worth fighting for?
- FDA authorizes Novavax's updated COVID vaccine for fall 2023
- Panda Express introduces dessert item for the first time: How to get a free Apple Pie Roll
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- 'The Voice': Niall Horan wins over 4-chair singer Laura Williams with fake marriage proposal
- Suspect at large after five people injured in shooting at Morgan State University
- Woman who planned robbery of slain college student while friend posed as stranded motorist convicted of murder
- Could your smelly farts help science?
- TikTok Shop Indonesia stops to comply with the country’s ban of e-commerce on social media platforms
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- David Beckham’s Reaction to Taylor Swift and Travis Kelce Is Total Goals
- A 13-foot, cat-eating albino python is terrorizing an Oklahoma City community
- 'Maestro': Bradley Cooper surprises at his own movie premiere amid actors' strike
- Grammy nominee Teddy Swims on love, growth and embracing change
- Costco started selling gold bars online and they keep selling out
- Homeless 25-year-old Topeka man arrested in rape and killing of 5-year-old girl
- 'Like living under a slumlord': How mega investor made affordable homes a rental nightmare
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Kentucky’s Democratic Governor Steers Clear of a Climate Agenda in His Bid to Fend Off a Mitch McConnell Protege
British army concludes that 19-year-old soldier took her own life after relentless sexual harassment
Greek police arrest 2 in connection with gangland car ambush that left 6 Turks dead
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Simone Biles makes history at world gymnastics championship after completing challenging vault
FCC fines Dish Network $150,000 for leaving retired satellite too low in space
Ex-CEO of Abercrombie & Fitch accused of sexually exploiting young men: BBC report