Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Wealth Evolution Experts
Senate begins final push to expand Social Security benefits for millions of people
Charles H. Sloan View
Date:2025-04-07 05:48:59
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! (6)
Related
- Boy who wandered away from his 5th birthday party found dead in canal, police say
- US to pay $100 million to survivors of Nassar's abuse. FBI waited months to investigate
- Bethenny Frankel says she was 'relieved' about 2012 miscarriage amid marriage to Jason Hoppy
- Woman who cut unborn baby from victim's womb with butcher knife, sentenced to 50 years
- Southern California rocked by series of earthquakes: Is a bigger one brewing?
- Jury selection in Trump hush money trial faces pivotal stretch as former president returns to court
- After 13 Years, No End in Sight for Caribbean Sargassum Invasion
- Caitlin Clark addresses critics: 'I don't really care what other people say'
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- 1985 homicide victim found in shallow grave in Florida identified as Maryland woman
Ranking
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- When do NHL playoffs begin? Times, TV channels for first games of postseason bracket
- Oklahoma man arrested after authorities say he threw a pipe bomb at Satanic Temple in Massachusetts
- Mail carriers face growing threats of violence amid wave of robberies
- Jury finds man guilty of sending 17-year-old son to rob and kill rapper PnB Rock
- Bethenny Frankel says she was 'relieved' about 2012 miscarriage amid marriage to Jason Hoppy
- Report of gunshot prompts lockdown at Grand Forks Air Force Base in North Dakota
- Mike Johnson takes risk on separating Israel and Ukraine aid
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Psst, H&M's Sale Section is Filled With Trendy & Affordable Styles That Are Up to 72% Off Right Now
Modern Family's Aubrey Anderson-Emmons Shares Why Being a Child Actor Wasn’t as Fun as You Think
Sydney Sweeney Slams Producer for Saying She Can't Act and Is Not Pretty
Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
Amazon's Just Walk Out tech has come under much scrutiny. And it may be everywhere soon.
Walmart store in Missouri removes self-checkout kiosks, replacing with 'traditional' lanes
Walmart store in Missouri removes self-checkout kiosks, replacing with 'traditional' lanes