Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -Stellar Wealth Sphere
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 23:31:15
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! (11)
Related
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Francis Scott Key Bridge in Baltimore collapses after being struck by cargo ship; 6 people still missing
- Selena Gomez goes makeup-free in stunning 'real' photo. We can learn a lot from her
- Sean Diddy Combs' LA and Miami homes raided by law enforcement, officials say
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Amor Towles on 'A Gentleman in Moscow', 'Table for Two' characters: 'A lot of what-iffing'
- Selena Gomez goes makeup-free in stunning 'real' photo. We can learn a lot from her
- Watch livestream: President Joe Biden gives remarks on collapse of Baltimore's Key Bridge
- Meta releases AI model to enhance Metaverse experience
- Michael Strahan’s Daughter Isabella Reaches New Milestone in Cancer Battle
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Krispy Kreme doughnuts coming to McDonald's locations nationwide by the end of 2026
- What we know about the condition of Baltimore's Francis Scott Key Bridge and how this sort of collapse could happen
- 2 brothers attacked by mountain lion in California 'driven by nature', family says
- New data highlights 'achievement gap' for students in the US
- Waiting on your tax refund? Here's why your return may be taking longer this year
- 'No ordinary bridge': What made the Francis Scott Key Bridge a historic wonder
- Diddy investigated for sex trafficking: A timeline of allegations and the rapper's life, career
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Kansas moves to join Texas and other states in requiring porn sites to verify people’s ages
North Carolina elections board finalizes results from primary marked by new voter ID rules
Youngkin acts on gun bills, vetoing dozens as expected, amending six and signing two pairs
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Here’s what we know about the allegations against Shohei Ohtani’s interpreter, Ippei Mizuhara
After a county restricted transgender women in sports, a roller derby league said, ‘No way’
Here's how to turn off your ad blocker if you're having trouble streaming March Madness