Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -CapitalEdge
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 07:16:26
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! (93796)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- ‘It was like a heartbeat': Residents at a loss after newspaper shutters in declining coal county
- Hunter Biden’s guilty plea is on the horizon, and so are a fresh set of challenges
- Chicago Blackhawks owner Rocky Wirtz dies at age 70
- Trump's 'stop
- Families sue to block Missouri’s ban on gender-affirming health care for kids
- This Mississippi dog is a TikTok star and he can drive a lawnmower, fish and play golf
- Ryan Reynolds reboots '80s TV icon Alf with sponsored content shorts
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Malaysia's a big draw for China's Belt and Road plans. Finishing them is another story
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Salmonella in ground beef sickens 16, hospitalizing 6, in 4 states, CDC says
- Can the US economy dodge a recession with a 'soft landing?' Here's how that would work.
- U.S. sees biggest rise in COVID-19 hospitalizations since December
- Trump invites nearly all federal workers to quit now, get paid through September
- NatWest Bank CEO ousted after furor over politician Nigel Farage’s bank account
- The IRS has ended in-person visits, but scammers still have ways to trick people
- Swimmer Katie Ledecky ties Michael Phelps' record, breaks others at World Championships
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Chinese and Russian officials to join North Korean commemorations of Korean War armistice
McDonald’s franchise in Louisiana and Texas hired minors to work illegally, Labor Department finds
How Timothée Chalamet Helped Make 4 Greta Gerwig Fans' Night
Trump wants to turn the clock on daylight saving time
Alaska board to weigh barring transgender girls from girls’ high school sports teams
The Las Vegas Sphere flexed its size and LED images. Now it's teasing its audio system
‘It was like a heartbeat': Residents at a loss after newspaper shutters in declining coal county