Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -FundTrack
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 19:52:55
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! (1)
Related
- A South Texas lawmaker’s 15
- Michael Strahan reveals he's a grandfather after the birth of his first grandchild
- Georgia court could reject counting presidential votes for Cornel West and Claudia De la Cruz
- Kyle Chandler in talks to play new 'Green Lantern' in new HBO series, reports say
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Derek Hough Shares His Honest Reaction to Anna Delvey’s Controversial DWTS Casting
- Meet Libra, the Zodiac's charming peacemaker: The sign's personality traits, dates
- Marcellus Williams to be executed in Missouri woman's brutal murder; clemency denied
- Louvre will undergo expansion and restoration project, Macron says
- Tropical Storm Helene forms; Florida bracing for major hurricane hit: Live updates
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Judge to approve auctions liquidating Alex Jones’ Infowars to help pay Sandy Hook families
- Home address of Detroit Lions head coach posted online following team’s playoff loss
- NYC schools boss to step down later this year after federal agents seized his devices
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- This AI chatbot can help you get paid family leave in 9 states. Here's how.
- Ken Paxton sues Biden administration over listing Texas lizard as endangered
- Rosie O'Donnell 'in shock' after arrest of former neighbor Diddy, compares him to Weinstein
Recommendation
Trump wants to turn the clock on daylight saving time
Exclusive First Look: Charlotte Tilbury 2024 Holiday Beauty Collection, Gift Ideas & Expert Tips
Judge Judy's Nighttime Activity With Husband Jerry Sheindlin Is Very on Brand
Dancing With the Stars' Artem Chigvintsev Not Charged After Domestic Violence Arrest
What to watch: O Jolie night
Texas set to execute Travis James Mullis for the murder of his infant son. What to know.
Arizona Democratic campaign office damaged by gunfire
Best Free People Deals Under $50 -- Boho Chic Styles Starting at $14, Save Up to 69%