Current:Home > ScamsSenate 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 11:28:05
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! (4)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- And Just Like That Costume Designer Molly Rogers Teases More Details on Kim Cattrall's Cameo
- Biden's grandfatherly appeal may be asset overseas at NATO summit
- A Plea to Make Widespread Environmental Damage an International Crime Takes Center Stage at The Hague
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Senators slam Ticketmaster over bungling of Taylor Swift tickets, question breakup
- 3 events that will determine the fate of cryptocurrencies
- House GOP chair accuses HHS of changing their story on NIH reappointments snafu
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Justice Department reverses position, won't support shielding Trump in original E. Jean Carroll lawsuit
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Migrant crossings along U.S.-Mexico border plummeted in June amid stricter asylum rules
- Biden Has Promised to Kill the Keystone XL Pipeline. Activists Hope He’ll Nix Dakota Access, Too
- Do Leaked Climate Reports Help or Hurt Public Understanding of Global Warming?
- Grammy nominee Teddy Swims on love, growth and embracing change
- Warming Trends: Increasing Heat is Dangerous for Pilgrims, Climate Warnings Painted on Seaweed and Many Plots a Global Forest Make
- The U.S. economy ended 2022 on a high note. This year is looking different
- See Chris Evans, Justin Bieber and More Celeb Dog Dads With Their Adorable Pups
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Farmers Insurance pulls out of Florida, affecting 100,000 policies
The U.S. could hit its debt ceiling within days. Here's what you need to know.
Warming Trends: A Song for the Planet, Secrets of Hempcrete and Butterfly Snapshots
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
This 22-year-old is trying to save us from ChatGPT before it changes writing forever
Historic floodwaters begin to recede as Vermont dam stabilizes after nearing capacity
Anthropologie's Epic 40% Off Sale Has the Chicest Summer Hosting Essentials