Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -Prime Money Path
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 04:22:38
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! (2828)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Taylor Swift's the 'Eras Tour' movie is coming to streaming with three bonus songs
- As Dubai prepares for COP28, some world leaders signal they won’t attend climate talks
- Google will delete inactive accounts within days. Here's how to save your data.
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Mysterious and fatal dog respiratory illness now reported in 14 states: See the map.
- Authorities face calls to declare a hate crime in Vermont shooting of 3 men of Palestinian descent
- Reba McEntire gets emotional on 'The Voice' with Super Save singer Ms. Monét: 'I just love ya'
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- The family of an infant hostage pleads for his release as Israel-Hamas truce winds down
Ranking
- Highlights from Trump’s interview with Time magazine
- Climate funding is in short supply. So some want to rework the financial system
- LeBron James sets all-time minutes played record in worst loss of his 21-year career
- Rescuers begin pulling out 41 workers trapped in a collapsed tunnel in India for 17 days
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Cyber Monday is the biggest online shopping day of the year — thanks to deals and hype
- Tornadoes forecast in the Black Sea region as storm reportedly impacts Russian military operations
- More than 303,000 Honda Accords, HR-V recalled over missing seat belt piece
Recommendation
Nevada attorney general revives 2020 fake electors case
New documentary offers a peek into the triumphs and struggles of Muslim chaplains in US military
Vanderpump Rules' Tom Sandoval Weighs in on Ariana Madix's New Boyfriend Daniel Wai
Bears vs. Vikings on MNF: Justin Fields leads winning drive, Joshua Dobbs has four INTs
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Fed’s Waller: Interest rates are likely high enough to bring inflation back to 2% target
France to ban smoking on beaches as it seeks to avoid 75,000 tobacco-related deaths per year
Who could be a fit for Carolina Panthers head coaching job? Here are 10 candidates to know