Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -Quantum Finance Bridge
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-12 18:19:57
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! (6)
Related
- 'Most Whopper
- California sheriff’s sergeant recovering after exchanging gunfire with suspect who was killed
- The 40 Most Popular Amazon Items E! Readers Bought Last Month
- Why are we so bummed about the economy?
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Gunfire erupts in Guinea-Bissau’s capital during reported clashes between security forces
- Mississippi sheriff changes policies after violent abuse. Victims say it’s to escape accountability
- A world away from the West Bank, Vermont shooting victims and their families face new grief and fear
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Oklahoma executes Philip Dean Hancock, who claimed self-defense in double homicide
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- Henry Kissinger's life in photos
- HGTV's Hilary Farr Leaving Love It or List It After 19 Seasons
- 102-year-old toy inventor, star of 'Eddy’s World' documentary, attributes longevity to this
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Coach Outlet’s 12 Days of Deals Sale: Unwrap Up to 70% Off on Bags & More this Holiday Season
- US proposes plan to protect the snow-dependent Canada lynx before warming shrinks its habitat
- CBS News Philadelphia's Aziza Shuler shares her alopecia journey: So much fear and anxiety about revealing this secret
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
A Kansas woman died in an apartment fire. Her family blames the 911 dispatch center’s mistakes
LeBron James' business partner, Maverick Carter, bet on NBA games with illegal bookie, per report
Semitruck failed to slow down before deadly Ohio crash, state report says
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
The Bachelor Alum Matt James’ Holiday Gift Ideas Will Impress Any Guy in Your Life
Vacuum tycoon Dyson loses a libel case against a UK newspaper for a column on his support of Brexit
EPA aims to slash the oil industry's climate-warming methane pollution