Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -FundWay
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 16:02:18
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! (677)
Related
- The Daily Money: Spending more on holiday travel?
- Trial date set for June for man accused of trying to assassinate Supreme Court Justice Kavanaugh
- Meg Ryan Looks Glowing at Rare Red Carpet Appearance in Bosnia
- South Carolina deputy charged with killing unarmed man and letting police dog maul innocent person
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- US government report says fluoride at twice the recommended limit is linked to lower IQ in kids
- Why Everyone Is Obsessed With the Momcozy Nursing & Pumping Bra (Even if They’re Not a Mom)
- Hoda Kotb Shares Dating Experience That Made Her Stop Being a “Fixer”
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- 'Love Island USA' stars Kendall Washington, Nicole Jacky announce split after reunion episode
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Georgia police officer arrested after investigators say he threatened people while pointing a gun
- James Taylor addresses scrapped performance at DNC 2024: 'Sorry to disappoint'
- Alaska Supreme Court to hear arguments in case seeking to keep ranked vote repeal measure off ballot
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Cute Fall Decor That Has Nothing To Do with Halloween
- Trump’s ‘Comrade Kamala’ insult is a bit much, but price controls really are an awful idea
- Incumbents beat DeSantis-backed candidates in Florida school board race
Recommendation
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Subadult loggerhead sea turtle returns to Atlantic Ocean in Florida after rehabilitation
Mindy Kaling is among celebrity hosts of Democratic National Convention: What to know
The Daily Money: How to avoid Labor Day traffic
Senate begins final push to expand Social Security benefits for millions of people
Taylor Swift sings with 'producer of the century' Jack Antonoff in London
Babysitter set to accept deal for the 2019 death of a man she allegedly injured as a baby in 1984
In ‘The Crow,’ FKA Twigs had to confront herself. What she learned was 'beautiful.’