Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -NextFrontier Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-12 01:02:17
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! (8)
Related
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Man who tried to enter Jewish school with a gun fired twice at a construction worker, police say
- Fargo challenges new North Dakota law, seeking to keep local ban on home gun sales
- Chris Christie makes surprise visit to Ukraine, meets with Zelenskyy
- Trump invites nearly all federal workers to quit now, get paid through September
- NASCAR at Michigan 2023 race: Start time, TV, streaming, lineup for FireKeepers Casino 400
- Big 12 furthers expansion by adding Arizona, Arizona State and Utah from crumbling Pac-12
- Funder of Anti-Child Trafficking Film Sound of Freedom Charged With Accessory to Child Kidnapping
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Fox News' Johnny Joey Jones reflects on 13th 'Alive Day' anniversary after losing his legs
Ranking
- North Carolina justices rule for restaurants in COVID
- 2 Navy sailors arrested, accused of providing China with information
- Texas judge grants abortion exemption to women with pregnancy complications; state AG's office to appeal ruling
- School bus crash on Idaho highway under investigation
- Trump issues order to ban transgender troops from serving openly in the military
- Where did 20,000 Jews hide from the Holocaust? In Shanghai
- Niger coup leader gets support on the streets, with Russian flags waving, and from other post-coup regimes
- Niger’s junta isn’t backing down, and a regional force prepares to intervene. Here’s what to expect
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
FIFA investigating misconduct allegation involving Zambia at 2023 World Cup
World Cup's biggest disappointments: USWNT escaped group but other teams weren't so lucky
Mega Millions jackpot hits second-largest amount in lottery's history ahead of Friday drawing
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Teen charged in fatal after-hours stabbing outside Connecticut elementary school
2 Navy sailors arrested, accused of providing China with information
Sophia Bush and Husband Grant Hughes Break Up After 13 Months of Marriage