Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -Wealth Impact Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-19 03:06:42
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! (2)
Related
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Suzanne Somers dead at 76; actor played Chrissy Snow on past US TV sitcom “Three’s Company”
- David Brooks on his mission: To counter our nation's spiritual crisis
- Colorado train derails, spilling mangled train cars and coal across a highway
- Trump issues order to ban transgender troops from serving openly in the military
- CDC director Cohen, former Reps. Butterfield and Price to receive North Carolina Award next month
- French soccer federation condemns Nice player Atal for reportedly reposting hate speech against Jews
- Many frustrated Argentines pinning hopes on firebrand populist Javier Milei in presidential race
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Prepare to Be Blinded By Victoria Beckham's 15 Engagement Rings
Ranking
- Small twin
- Police in Belgium say 2 people have been killed in a shooting in Brussels
- Myanmar’s military seeks to keep ethnic minority allies on its side with anniversary of cease-fire
- Pakistani forces clash with militants and kill 6 fighters during a raid in the northwest
- In ‘Nickel Boys,’ striving for a new way to see
- Leaders from emerging economies are visiting China for the ‘Belt and Road’ forum
- The Sunday Story: A 15-minute climate solution attracts conspiracies
- Myanmar’s military seeks to keep ethnic minority allies on its side with anniversary of cease-fire
Recommendation
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Israel warns northern Gaza residents to leave, tells U.N. 1.1 million residents should evacuate within 24 hours
Many frustrated Argentines pinning hopes on firebrand populist Javier Milei in presidential race
Olympic committee president Thomas Bach says term limits at the IOC ‘are necessary’
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Russian governor has been reported to police after saying there’s ‘no need’ for the war in Ukraine
Police pursuit in Indiana ends with suspect crashing vehicle, killing 2, seriously injuring 4
Afghanistan earthquake relief efforts provided with $12 million in U.S. aid