Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -Wealth Momentum Network
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 23:10:01
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! (781)
Related
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- 'It just went from 0 to 60': Tyreek Hill discusses confrontation with Miami police
- Personal assistant convicted of dismembering his boss is sentenced to 40 years to life
- Check Out All the Couples You Forgot Attended the MTV VMAs
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Rachel Zoe Speaks Out Amid Divorce From Rodger Berman
- Want Affordable High-Quality Jewelry That Makes a Statement? These Pieces Start at Just $10
- Ex-boyfriend and alleged killer of Ugandan Olympian Rebecca Cheptegei dies
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Katy Perry Reacts to Viral Photo of Orlando Bloom Appearing to Check Out Kim Kardashian
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Detroit-area officer sentenced to prison for assaulting man after his arrest
- Hawaii voters asked to ensure protection of same-sex marriage
- Prison guard shortfall makes it harder for inmates to get reprieve from extreme heat, critics say
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- USPS is ending discounts for shipping consolidators that tap into its vast delivery network
- America's Got Talent‘s Grace VanderWaal Risks Wardrobe Malfunction in Backless Look at TIFF
- Steamship that sunk in 1856 with 132 on board discovered in Atlantic, 200 miles from shore
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
Former Vikings star Adrian Peterson ordered to turn over assets to pay massive debt
Sean Diddy Combs Ordered to Pay More Than $100 Million in Sexual Assault Case
Donald Trump Speaks Out on Taylor Swift and Brittany Mahomes
Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
USMNT attendance woes continue vs. New Zealand
Larry David announces comedy tour dates: Attend 'if you have nothing to do'
Hoping to win $800M from the Mega Millions? Here's exactly how to purchase a ticket.