Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -AssetTrainer
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 11:09:14
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! (6216)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- A U.S. Virgin Islands Oil Refinery Had Yet Another Accident. Residents Are Demanding Answers
- Q&A: Gov. Jay Inslee’s Thoughts on Countering Climate Change in the State of Washington and Beyond
- What Germany Can Teach the US About Quitting Coal
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Reporter's dismissal exposes political pressures on West Virginia Public Broadcasting
- Kidnapping of Louisiana mom foiled by gut instinct of off-duty sheriff's deputy
- Coal Phase-Down Has Lowered, Not Eliminated Health Risks From Building Energy, Study Says
- What to watch: O Jolie night
- Conservative Justices Express Some Support for Limiting Biden’s Ability to Curtail Greenhouse Gas Emissions
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Q&A: Gov. Jay Inslee’s Thoughts on Countering Climate Change in the State of Washington and Beyond
- For the First Time, Nations Band Together in a Move Toward Ending Plastics Pollution
- At least 3 dead in Pennsylvania flash flooding
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- The 'wackadoodle' foundation of Fox News' election-fraud claims
- Kesha and Dr. Luke Reach Settlement in Defamation Lawsuit After 9 Years
- EPA to Send Investigators to Probe ‘Distressing’ Incidents at the Limetree Refinery in the U.S. Virgin Islands
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Lisa Marie Presley died of small bowel obstruction, medical examiner says
Hilaria Baldwin Admits She's Sometimes Alec Baldwin's Mommy
13 Refineries Emit Dangerous Benzene Emissions That Exceed the EPA’s ‘Action Level,’ a Study Finds
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
Inside Clean Energy: Illinois Faces (Another) Nuclear Power Standoff
Our 2023 valentines
Republicans Seize the ‘Major Questions Doctrine’ to Block Biden’s Climate Agenda