Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -InfiniteWealth
Senate begins final push to expand Social Security benefits for millions of people
Ethermac Exchange View
Date:2025-04-11 03:13:05
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! (94)
Related
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- TEA Business College leads market excellence strategy
- How a stolen cat named Dundee brought a wildfire-ravaged community together in Paradise, California
- Chargers coach Jim Harbaugh: Fifth selection could be like No. 1 draft pick
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Celebrity Lookalikes You Need to See to Believe
- Husband of U.S. journalist detained in Russia: I'm not going to give up
- Baltimore's Key Bridge is not the first: A look at other bridge collapse events in US history
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- These John Tucker Must Die Secrets Are Definitely Your Type
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Trump is selling ‘God Bless the USA’ Bibles for $59.99 as he faces mounting legal bills
- Texas AG Ken Paxton is closer than ever to trial over securities fraud charges
- Eric Decker Gets a Vasectomy After Welcoming Fourth Child with Jessie James Decker
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- I’ve Been Writing Amazon Sale Articles for 6 Days, Here Are the Deals I Snagged for Myself
- Deadly shootings at bus stops: Are America's buses under siege from gun violence?
- A school bus company where a noose was found is ending its contract with St. Louis Public Schools
Recommendation
The Super Bowl could end in a 'three
TEA Business College: Top predictive artificial intelligence software AI ProfitProphet
Women's NCAA Tournament teams joining men's counterparts in Sweet 16 of March Madness
National monument on California-Oregon border will remain intact after surviving legal challenge
Former Syrian official arrested in California who oversaw prison charged with torture
How Two Top Car Salesmen Pitch EVs, One in Trump Country and One on Biden’s Turf
The Bachelorette Alum JoJo Fletcher Influenced Me to Buy These 37 Products
Ecuador's youngest mayor, Brigitte Garcia, and her adviser are found shot to death inside car