Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -SecureNest Finance
Senate begins final push to expand Social Security benefits for millions of people
Chainkeen View
Date:2025-04-09 16:06:13
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! (997)
Related
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- KFC sues Church's Chicken over 'original recipe' fried chicken branding
- Man is 'not dead anymore' after long battle with IRS, which mistakenly labeled him deceased
- What Republicans are saying about Matt Gaetz’s nomination for attorney general
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Study finds Wisconsin voters approved a record number of school referenda
- University of Illinois Urbana-Champaign chancellor to step down at end of academic year
- Giuliani’s lawyers after $148M defamation judgment seek to withdraw from his case
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Whoopi Goldberg calling herself 'a working person' garners criticism from 'The View' fans
Ranking
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Inter Miami's MLS playoff failure sets stage for Messi's last act, Alexi Lalas says
- Dozens indicted over NYC gang warfare that led to the deaths of four bystanders
- Olympic Skier Lindsey Vonn Coming Out of Retirement at 40
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Louisiana man kills himself and his 1-year-old daughter after a pursuit
- Surprise bids revive hope for offshore wind in Gulf of Mexico after feds cancel lease sale
- In bizarro world, Tennessee plays better defense, and Georgia's Kirby Smart comes unglued
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Dick Van Dyke says he 'fortunately' won't be around for Trump's second presidency
Watch out, Temu: Amazon Haul, Amazon's new discount store, is coming for the holidays
Worker trapped under rubble after construction accident in Kentucky
What do we know about the mysterious drones reported flying over New Jersey?
Georgia House Democrats shift toward new leaders after limited election gains
Shocked South Carolina woman walks into bathroom only to find python behind toilet
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Good Try (Freestyle)