Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -FutureFinance
Senate begins final push to expand Social Security benefits for millions of people
Charles Langston View
Date:2025-04-06 12:23:32
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! (54463)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- The Man Who Makes Greenhouse Gas Polluters Face Their Victims in Court
- Kate Middleton Is Pretty in Pink at Jordan's Royal Wedding With Prince William
- Q&A: Oceanographers Tell How the Pandemic Crimps Global Ocean and Climate Monitoring
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Young LGBTQI+ Artists Who Epitomize Black Excellence
- California’s New Cap-and-Trade Plan Heads for a Vote—with Tradeoffs
- Armie Hammer Not Charged With Sexual Assault After LAPD Investigation
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Biden using CPAP machine to address sleep apnea
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Grey's Anatomy's Kevin McKidd and Station 19’s Danielle Savre Pack on the PDA in Italy
- Puerto Rico’s Solar Future Takes Shape at Children’s Hospital, with Tesla Batteries
- Teen Wolf's Tyler Posey Engaged to Singer Phem
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Launched to great fanfare a few years ago, Lordstown Motors is already bankrupt
- Humpback Chub ‘Alien Abductions’ Help Frame the Future of the Colorado River
- Family Feud Contestant Timothy Bliefnick Found Guilty of Murdering Wife Rebecca
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Inside Halle Bailey’s Enchanting No-Makeup Makeup Look for The Little Mermaid
Zendaya Reacts to Tom Holland’s “Sexiest” Picture Ever After Sharing Sweet Birthday Tribute
Conservative businessman Tim Sheehy launches U.S. Senate bid for Jon Tester's seat
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
American Climate Video: A Pastor Taught His Church to See a Blessing in the Devastation of Hurricane Michael
Ethan Peck Has an Adorable Message for His Passport to Paris-Era Self
Kate Spade 24-Hour Flash Deal: Get This $360 Tote Bag for Just $99