Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -TruePath Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 05:55:37
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! (9)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- EU hits Intel with $400 million antitrust fine in long-running computer chip case
- Fingers 'missing the flesh': Indiana baby suffers over 50 rat bites to face in squalid home
- Tropical Storm Ophelia tracker: Follow Ophelia's path towards the mid-Atlantic
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Actor Matt Walsh stepping away from Dancing with the Stars until WGA strike is resolved
- To woo a cockatoo, make sure the beat is right
- What's Making Us Happy: A guide to your weekend viewing and reading
- Meta releases AI model to enhance Metaverse experience
- 2 arrested in drive-by attack at New Mexico baseball stadium that killed 11-year-old boy
Ranking
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Judge questions Georgia prosecutors’ effort to freeze a new law that could weaken their authority
- What does 'irl' mean? Help distinguish reality from fiction with this text term.
- Labor unions say they will end strike actions at Chevron’s three LNG plants in Australia
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- As California's toxic Salton Sea shrinks, it's raising health alarms for the surrounding community
- Gases from Philippine volcano sicken dozens of children, prompting school closures in nearby towns
- Guinea’s leader defends coups in Africa and rebuffs the West, saying things must change
Recommendation
Rylee Arnold Shares a Long
China, at UN, presents itself as a member of the Global South as alternative to a Western model
Joe Jonas Returns to the Stage After Sophie Turner’s Lawsuit Filing
RHOC's Emily Simpson Speaks Out on Shannon Beador's DUI Arrest
Taylor Swift makes surprise visit to Kansas City children’s hospital
Late-day heroics pull Europe within two points of Team USA at 2023 Solheim Cup
Gisele Bündchen Shares Why She's Grateful for Tom Brady Despite Divorce
Judge to hear arguments for summary judgment in NY AG's $250M lawsuit against Trump