Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -ProfitPoint
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-19 09:47:11
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! (97121)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- Baby girl among 4 found dead by Texas authorities in Rio Grande river on U.S.-Mexico border in just 48 hours
- Allow Kylie Jenner to Give You a Mini Tour of Her California Home
- Climate Change Will Hit Southern Poor Hardest, U.S. Economic Analysis Shows
- Stamford Road collision sends motorcyclist flying; driver arrested
- Biden’s Climate Credibility May Hinge on Whether He Makes Good on U.S. Financial Commitments to Developing Nations
- Woman dead, 9 injured after fireworks explosion at home in Michigan
- Shop the Top-Rated Under $100 Air Purifiers That Are a Breath of Fresh Air
- Don't let hackers fool you with a 'scam
- Anna Marie Tendler Reflects on Her Mental Health “Breakdown” Amid Divorce From John Mulaney
Ranking
- All That You Wanted to Know About She’s All That
- What's Next for Johnny Depp: Inside His Busy Return to the Spotlight
- Woman dies while hiking in triple-digit heat at Grand Canyon National Park
- NASCAR contractor electrocuted to death while setting up course for Chicago Street Race
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Senate 2020: In Alaska, a Controversy Over an Embattled Mine Has Tightened the Race
- A roller coaster was shut down after a crack was found in a support beam. A customer says he spotted it.
- Maternal deaths in the U.S. more than doubled over two decades with Black mothers dying at the highest rate
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
Massachusetts Raises the Bar (Just a Bit) on Climate Ambition
Coal Giant Murray Energy Files for Bankruptcy Despite Trump’s Support
Ahead of the Climate Summit, Environmental Groups Urge Biden to Champion Methane Reductions as a Quick Warming Fix
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
How Georgia Became a Top 10 Solar State, With Lawmakers Barely Lifting a Finger
BelVita Breakfast Sandwich biscuits recalled after reports of allergic reactions
Keystone Pipeline Spills 383,000 Gallons of Oil into North Dakota Wetlands