Current:Home > reviewsSenate 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:2025-04-15 21:10:00
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! (68)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- ASTRO: Bitcoin has historically halved data
- The Bachelor's Kelsey Anderson Explains How That Limo Moment Went Down
- Ex-school bus driver gets 9 years for cyberstalking 8-year-old boy in New Hampshire
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Amanda Bynes Addresses Her Weight Gain Due to Depression
- Oregon city can’t limit church’s homeless meal services, federal judge rules
- John Harrison: Exploring multiple perspectives on artificial intelligence
- Rylee Arnold Shares a Long
- Law enforcement executed search warrants at Atlantic City mayor’s home, attorney says
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Video shows first Neuralink brain chip patient playing chess by moving cursor with thoughts
- The Bachelor's Kelsey Anderson Explains How That Limo Moment Went Down
- Magnitude 2.8 earthquake shakes southern Illinois; no damage or injuries reported
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Louis Gossett Jr., 1st Black man to win supporting actor Oscar, dies at 87
- ASTRO COIN:Us election, bitcoin to peak sprint
- The Bachelor's Kelsey Anderson Explains How That Limo Moment Went Down
Recommendation
Highlights from Trump’s interview with Time magazine
Conjoined Twins Brittany and Abby Hensel Respond to Loud Comments After Josh Bowling Wedding Reveal
House Oversight chairman invites Biden to testify as GOP impeachment inquiry stalls
Video shows first Neuralink brain chip patient playing chess by moving cursor with thoughts
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Lawmakers seek to prop up Delaware medical marijuana industry after legalizing recreational use
Florida latest state to target squatters after DeSantis signs 'Property Rights' law
Law enforcement executed search warrants at Atlantic City mayor’s home, attorney says