Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -MoneySpot
Senate begins final push to expand Social Security benefits for millions of people
Oliver James Montgomery View
Date:2025-04-08 14:23:19
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! (38)
Related
- Federal hiring is about to get the Trump treatment
- Planet Fitness offers free summer workout pass for teens, high school students
- Takeaways from the AP’s investigation into how US prisoners are hurt or killed on the job
- US prisoners are being assigned dangerous jobs. But what happens if they are hurt or killed?
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- 2024 NFL Thanksgiving schedule features Giants vs. Cowboys, Dolphins vs. Packers
- FBI, Homeland Security warn of possible threats to LGBTQ events, including Pride Month activities
- Researchers find 'fluffy oddball' of a planet with a composition similar to cotton candy
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- More employees are cheating on workplace drug tests. Here's how they do it.
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Caitlin Clark's WNBA regular-season debut with Indiana Fever gets historic TV viewership
- Slovak prime minister in life-threatening condition after being shot, his Facebook profile says
- West Virginia GOP Senate president, doctor who opposed drawing back vaccine laws ousted in election
- The Super Bowl could end in a 'three
- What is inflation? What causes it? Here's how it's defined and what the latest report means
- Inflation eases in April as prices fall for eggs, bacon and bread, CPI data shows
- Texas man accused of killing New Mexico women and kidnapping an infant faces federal charge
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Here's what Americans think is the best long-term investment
Biden’s upcoming graduation speech roils Morehouse College, a center of Black politics and culture
More employees are cheating on workplace drug tests. Here's how they do it.
The company planning a successor to Concorde makes its first supersonic test
Lisa Vanderpump Addresses Rumors Vanderpump Rules Is Canceled Amid Hiatus
Despite Caitlin Clark's shaky debut, rookie shows future of WNBA in good hands
Chicago Police excessive force complaints bring critics, worry over city's hosting of DNC