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:2025-04-19 02:17:27
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! (1)
Related
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Campus protests across the US result in arrests by the hundreds. But will the charges stick?
- Man says his emotional support alligator, known for its big social media audience, has gone missing
- Alex Hall Speaks Out on Cheating Allegations After Tyler Stanaland and Brittany Snow Divorce
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- 2024 Kentucky Derby weather: Churchill Downs forecast for Saturday's race
- Consumer groups push Congress to uphold automatic refunds for airline passengers
- What helps with nausea? Medical experts offer tips for feeling better
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Exxon Criticized ICN Stories Publicly, But Privately, Didn’t Dispute The Findings
Ranking
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Body found in duffel bag in Philadelphia identified as 4-year-old reported missing in December: Reports
- Violence erupts at UCLA as pro-Palestinian protesters, counter-protesters clash
- UnitedHealth data breach caused by lack of multifactor authentication, CEO says
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Brittney Griner says she thought about killing herself during first few weeks in Russian jail
- Dallas Mavericks hand LA Clippers their worst postseason loss, grab 3-2 series lead
- For ex-Derby winner Silver Charm, it’s a life of leisure and Old Friends at Kentucky retirement farm
Recommendation
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
One Tech Tip: How to repair an electric toothbrush
Campus protests across the US result in arrests by the hundreds. But will the charges stick?
'A Man in Full' review: Tom Wolfe Netflix series is barely a glass half empty
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Texas school board accepts separation agreement with superintendent over student banned from musical
Cher opens up to Jennifer Hudson about her hesitance to date Elvis Presley: 'I was nervous'
26 Republican attorneys general sue to block Biden rule requiring background checks at gun shows