Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -LondonCapital
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 03:32:50
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! (9)
Related
- Sam Taylor
- What to know about the plea deal offered Boeing in connection with 2 plane crashes
- Kelly Ripa Gives Mark Consuelos' Dramatic Hair Transformation a Handsy Seal of Approval
- Wyatt Langford, Texas Rangers' red-hot rookie, makes history hitting for cycle vs. Orioles
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- 'Potentially catastrophic' Hurricane Beryl makes landfall as Cat 4: Live updates
- 'Potentially catastrophic' Hurricane Beryl makes landfall as Cat 4: Live updates
- Justice Department presents plea deal to Boeing over alleged violations of deferred prosecution agreement
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Under the Boardwalk officials vow to address homelessness in Atlantic City
Ranking
- The Super Bowl could end in a 'three
- Value meals and menus are taking over: Here's where to get cheap fast food this summer
- Authorities say 13-year-old armed with replica handgun fatally shot by police after chase in upstate New York
- Two Georgia firefighters who disappeared were found dead in Tennessee; autopsy underway
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Gaza aid pier dismantled again due to weather, reinstallation date unknown
- 2024 US Olympic track trials: What you need to know about Team USA roster
- TV personality Carlos Watson testifies in his trial over collapse of startup Ozy Media
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
All-Star Paul George set to join 76ers on a $212 million free-agent deal, AP source says
6 people killed in Wisconsin house fire
Krispy Kreme giving away free doughnuts, iced coffee two days a week in July: How to get the deal
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
'Potentially catastrophic' Hurricane Beryl makes landfall as Cat 4: Live updates
Six Flags and Cedar Fair are about to merge into one big company: What to know
Krispy Kreme giving away free doughnuts, iced coffee two days a week in July: How to get the deal