Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -BrightPath Capital
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 14:09:55
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! (57613)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection
- California budgets up to $12 million for reparations bills, a milestone in atoning for racist legacy
- What is Hurricane Beryl's trajectory and where will it first make landfall?
- 2 killed, 3 injured in shooting at makeshift club in Houston
- California to bake under 'pretty intense' heat wave this week
- An Arizona museum tells the stories of ancient animals through their fossilized poop
- 1-in-a-million white bison calf born at Yellowstone hasn't been seen since early June, park says
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Sydney McLaughlin-Levrone dominates 400 hurdles, sets world record again
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- 6 people killed in Wisconsin house fire
- Stingray that got pregnant despite no male companion has died, aquarium says
- TV personality Carlos Watson testifies in his trial over collapse of startup Ozy Media
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Campaign to get new political mapmaking system on Ohio’s ballot submits more than 700,000 signatures
- Small plane with 5 on board crashes in upstate New York. No word on fate of passengers
- Here's how much Americans say they need to earn to feel financially secure
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
How Erin Andrews' Cancer and Fertility Journey Changed Her Relationship With Husband Jarret Stoll
Hurricane Beryl makes landfall as extremely dangerous Category 4 storm lashing Caribbean islands
AP PHOTOS: Parties, protests and parades mark a vibrant Pride around the world
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Here's how much Americans say they need to earn to feel financially secure
'Now or never': Bruce Bochy's Texas Rangers in danger zone for World Series defense
Some Boston subway trains are now sporting googly eyes