Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -WealthMindset Learning
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 09:30:23
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! (9)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- South Carolina Supreme Court to decide minimum time between executions
- Love Is Blind UK’s Catherine Richards Is Dating This Costar After Freddie Powell Split
- Pregnant Margot Robbie Puts Baby Bump on Display During Vacation With Tom Ackerley
- Tom Holland's New Venture Revealed
- EEE, West Nile, malaria: Know the difference between these mosquito-borne diseases
- Does American tennis have a pickleball problem? Upstart’s boom looms out of view at the US Open
- Georgia Senate Republicans push to further restrict trans women in sports
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Philip Morris International is expanding Kentucky factory to boost production of nicotine pouches
Ranking
- Bodycam footage shows high
- Danny Jansen makes MLB history by appearing in same game for both teams
- 3 missing LA girls include 14-year-old, newborn who needs heart medication, police say
- Lowe’s changes some DEI policies amid legal attacks on diversity programs and activist pressure
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Pumpkin Everything! Our Favorite Pumpkin Home, Beauty, and Fashion Items
- Christina Hall Lasers Off Tattoo on Wedding Ring Finger Amid Josh Hall Divorce
- Opening day of Burning Man marred by woman's death, harsh weather conditions
Recommendation
$73.5M beach replenishment project starts in January at Jersey Shore
South Carolina Supreme Court to decide minimum time between executions
Love Is Blind UK’s Catherine Richards Is Dating This Costar After Freddie Powell Split
Judge in Texas orders pause on Biden program that offers legal status to spouses of US citizens
Where will Elmo go? HBO moves away from 'Sesame Street'
No. 1 Swiatek shakes off tough test, Naomi Osaka wins impressively in her return to the US Open
Olive Garden's Never Ending Pasta Bowl promotion is back: Here's how long it's available
Army private who fled to North Korea will plead guilty to desertion