Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -RiskRadar
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-19 05:47:18
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! (29591)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- It's going to be a weird year at the Emmys: Here are our predictions
- Critics slam DeSantis campaign for sharing an anti-Trump ad targeting LGBTQ rights
- 'Barbie' review: Sometimes corporate propaganda can be fun as hell
- Global Warming Set the Stage for Los Angeles Fires
- Kelly Clarkson wants you to know her new album isn't just a sad divorce record
- Abbott Elementary's Chris Perfetti Is Excited for Fans to See the Aftermath of That Moment
- Why Hailey Bieber's Marriage to Justin Bieber Always Makes Her Feel Like One Less Lonely Girl
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Russia says renewing grain export deal with Ukraine complicated after U.N. chief calls the pact critical
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Remembering Broadway legend and 'Fiddler on the Roof' lyricist Sheldon Harnick
- 'Dial of Destiny' proves Indiana Jones' days of derring-do aren't quite derring-done
- For the record: We visit Colleen Shogan, the first woman appointed U.S. Archivist
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- 3 women missing in Mexico after crossing from Texas on trip
- Musician Ben Kweller Mourns Death of 16-Year-Old Son Dorian
- Broadway lyricist Sheldon Harnick, who wrote 'Fiddler on the Roof,' dies at 99
Recommendation
Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
Queen Latifah and Billy Crystal are among the 2023 Kennedy Center honorees
'Crouching Tiger, Hidden Dragon' singer CoCo Lee dies at 48
Transcript: Treasury Secretary Janet Yellen on Face the Nation, March 12, 2023
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Why TikTok's Controversial Bold Glamour Filter Is More Than Meets the Eye
RuPaul's Drag Race Queens Tell What 200th Episode Means for the LGBTQ Community
Books We Love: Mysteries and Thrillers