Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -WealthTrail Solutions
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 21:21:01
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! (21)
Related
- 'Most Whopper
- Chiefs QB Patrick Mahomes named No. 1 in NFL's 'Top 100 Players of 2023' countdown
- Horoscopes Today, August 7, 2023
- Once Colombia’s most-wanted drug lord, the kingpin known as Otoniel faces sentencing in US
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Arrest warrants issued for Montgomery, Alabama, riverfront brawl
- US inflation has steadily cooled. Getting it down to the Fed’s target rate will be the toughest mile
- European scientists make it official. July was the hottest month on record by far.
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Possible human limb found floating in water off Staten Island
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Top 25 rankings: A closer look at every team in college football's preseason coaches poll
- Niger’s neighbors and the UN seek to deescalate tensions with last-minute diplomacy
- Trump's attorneys argue for narrower protective order in 2020 election case
- Kehlani Responds to Hurtful Accusation She’s in a Cult
- Maine mom who pleaded guilty to her child’s overdose death begins 4-year sentence
- Brazil has 1.7 million Indigenous people, near double the count from prior census, government says
- Daniel Penny defense fund raises millions -- and alarm bells for some
Recommendation
Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
Boston man files lawsuit seeking to bankrupt white supremacist group he says assaulted him
Why Russell Brand Says Time of Katy Perry Marriage Was Chaotic Despite His Affection for Her
'Less lethal shotguns' suspended in Austin, Texas, after officers used munitions on 15-year-old girl
The Daily Money: Disney+ wants your dollars
Rachel Morin Case: Authorities Firmly Believe They've Found Missing Woman's Body
Book excerpt: Somebody's Fool by Richard Russo
MLB power rankings: The Angels kept (and helped) Shohei Ohtani, then promptly fell apart