Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -Ascend Wealth Education
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 17:37:26
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
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Chinese automaker BYD plans a new EV plant in Hungary as part of its rapid global expansion
- Former Colorado funeral home operator gets probation for mixing cremated human remains
- Reducing Methane From Livestock Is Critical for Stabilizing the Climate, but Congress Continues to Block Farms From Reporting Emissions Anyway
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- How George Clooney finally made an 'exciting' rowing movie with 'The Boys in the Boat'
- 2 Florida men win $1 million from same scratch-off game 4 days apart
- Whitney Cummings Shares Update on Her Postpartum Body Days After Announcing Son's Birth
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- How a 19th century royal wedding helped cement the Christmas tree as holiday tradition
Ranking
- Rylee Arnold Shares a Long
- Broadway's 10 best musicals and plays of 2023, including 'Merrily We Roll Along'
- Ikea warns of product delays and shortages as Red Sea attacks disrupt shipments
- Biden speaks with Mexico's Obrador as migrant crossings at southern border spike
- Former Danish minister for Greenland discusses Trump's push to acquire island
- These Weekend Sales Prove it's the Most Wonderful Time of the Year to Score Major Savings
- Vin Diesel accused of sexual battery by former assistant in civil lawsuit
- France to close its embassy in Niger for an ‘indefinite period,’ according to letter to staff
Recommendation
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
As the Israel-Hamas war rages, medical mercy flights give some of Gaza's most vulnerable a chance at survival
TSA finds bullets artfully concealed in diaper at LaGuardia Airport in NYC
New York bill could interfere with Chick-fil-A’s long-standing policy to close Sundays
Nevada attorney general revives 2020 fake electors case
Motor City Kwanzaa Kinara returns to downtown Detroit
2 10-year-old boys killed in crash after father fled from police, 4 others injured: Police
Former Kenyan minister and 2 others charged with fraud over hospitality college project