Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -SovereignWealth
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 04:15:19
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! (56)
Related
- New data highlights 'achievement gap' for students in the US
- Clemson, Dabo Swinney send message to ACC with domination of North Carolina State
- 11-year-old charged after police say suspicious device brought on school bus in Maine
- Many players who made their MLB debuts in 2020 felt like they were ‘missing out’
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- 'Golden Bachelorette': Gil Ramirez's temporary restraining order revelation prompts show removal
- S&P 500, Dow hit record highs after Fed cuts rates. What it means for your 401(k).
- Michigan deputy jumps into action to save 63-year-old man in medical emergency: Video
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Penn State removes its student newspaper racks over concerns about political ads
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- NFL bold predictions: Who will turn heads in Week 3?
- Elle King says she didn't want 'to hurt' dad Rob Schneider after speaking 'her truth'
- Mississippi mayor says a Confederate monument is staying in storage during a lawsuit
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- US stops hazardous waste shipments to Michigan from Ohio after court decision
- The first day of fall is almost here: What to know about 2024 autumnal equinox
- American Airlines negotiates a contract extension with labor unions that it sued 5 years ago
Recommendation
Trump wants to turn the clock on daylight saving time
Takeaways from AP’s report on warning signs about suspect in apparent Trump assassination attempt
Son arrested in killing of father, stepmother and stepbrother
S&P 500, Dow hit record highs after Fed cuts rates. What it means for your 401(k).
Small twin
USMNT star Christian Pulisic has been stellar, but needs way more help at AC Milan
The politics of immigration play differently along the US-Mexico border
A lost cat’s mysterious 2-month, 900-mile journey home to California