Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -TrueNorth Finance Path
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 13:55:08
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! (184)
Related
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Demonstrations roil US campuses ahead of graduations as protesters spar over Gaza conflict
- Caitlin Clark 'keeps the momentum rolling' on first day of Indiana Fever training camp
- Spain’s Prime Minister Sánchez says he’ll continue in office after days of reflection
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Bernhard Langer, 66, set to return to PGA Tour 3 months after tearing Achilles
- Kentucky Derby post positions announced for horses in the 2024 field
- Kentucky Derby post positions announced for horses in the 2024 field
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Pair of giant pandas set to travel from China to San Diego Zoo under conservation partnership
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Hawaii is known for its macadamia nuts. Lawmakers want to keep it that way
- A second new nuclear reactor is completed in Georgia. The carbon-free power comes at a high price
- Oregon authorities to reveal winner of $1.3 billion Powerball jackpot
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- How Dance Moms Trauma Bonded JoJo Siwa, Chloé Lukasiak, Kalani Hilliker & More of the Cast
- Former Slack CEO's 16-Year-Old Child Mint Butterfield Found After Being Reported Missing
- Veterinary care, animal hospitals are more scarce. That's bad for pets (and their owners)
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
NFL draft takeaways: Cowboys passing on RB opens door to Ezekiel Elliott reunion
Rihanna Reveals How Her and A$AP Rocky’s Sons Bring New Purpose to Her Life
AIGM Crypto: the Way to Combat Inflation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Timberwolves coach Chris Finch ruptures patellar tendon after collision with own player
CBS News poll finds Biden-Trump race tight in Michigan, Pennsylvania, Wisconsin
Philips will pay $1.1 billion to resolve US lawsuits over breathing machines that expel debris