Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -WealthMap Solutions
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 09:22:00
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! (8)
Related
- Trump issues order to ban transgender troops from serving openly in the military
- Wayfair Clearance Sale: Save Up to 70% Off Furniture, Appliances, and More With Deals Starting at $8
- Supreme Court to hear case that threatens existence of consumer protection agency
- The Dominion Lawsuit Pulls Back The Curtain On Fox News. It's Not Pretty.
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Is the government choosing winners and losers?
- Kate Middleton Drops Jaws in Fiery Red Look Alongside Prince William at Royal Ascot
- Biden’s Pipeline Dilemma: How to Build a Clean Energy Future While Shoring Up the Present’s Carbon-Intensive Infrastructure
- This was the average Social Security benefit in 2004, and here's what it is now
- Texas city strictly limits water consumption as thousands across state face water shortages
Ranking
- Trump's 'stop
- Homes evacuated after train derailment north of Philadelphia
- 2 more eyedrop brands are recalled due to risks of injury and vision problems
- Inside Clean Energy: Des Moines Just Set a New Bar for City Clean Energy Goals
- The Grammy nominee you need to hear: Esperanza Spalding
- Succession and The White Lotus Casts Reunite in Style
- Country star Jason Aldean cites dehydration and heat exhaustion after rep says heat stroke cut concert short
- Inside Clean Energy: Not a Great Election Year for Renewable Energy, but There’s Reason for Optimism
Recommendation
North Carolina justices rule for restaurants in COVID
Accused Pentagon leaker appeals pretrial detention order, citing Trump's release
Warming Trends: Climate Threats to Bears, Bugs and Bees, Plus a Giant Kite and an ER Surge
As a Senate Candidate, Mehmet Oz Supports Fracking. But as a Celebrity Doctor, He Raised Significant Concerns
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
At Haunted Mansion premiere, Disney characters replace stars amid actors strike
Doctors created a primary care clinic as their former hospital struggled
Elevate Your Wardrobe With the Top 11 Trending Amazon Styles Right Now