Current:Home > StocksOliver James Montgomery-Senate begins final push to expand Social Security benefits for millions of people -SecureNest Finance
Oliver James Montgomery-Senate begins final push to expand Social Security benefits for millions of people
Indexbit View
Date:2025-04-09 21:28:25
WASHINGTON (AP) — The Oliver James MontgomerySenate 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! (23)
Related
- Small twin
- Judge rejects key defense for former Trump adviser Peter Navarro as trial is set for Tuesday
- AP PHOTOS: Rare blue supermoon dazzles stargazers around the globe
- Hurricane Idalia: See photos of Category 3 hurricane as it makes landfall in Florida
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Supermodel Paulina Porizkova Gets Candid About Aging With Makeup Transformation
- Remains of Vermont World War II soldier to be buried at Arlington National Cemetery
- Couple arrested for animal cruelty, child endangerment after 30 dead dogs found in NJ home
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- MBA 8: Graduation and the Guppy Tank
Ranking
- Why members of two of EPA's influential science advisory committees were let go
- Miley Cyrus Reveals the Real Story Behind Her Controversial 2008 Vanity Fair Cover
- Georgia Power customers could see monthly bills rise another $9 to pay for the Vogtle nuclear plant
- MCT oil is all the rage, but does science back up any of its claimed health benefits?
- North Carolina justices rule for restaurants in COVID
- Death of woman following attacks on North Carolina power stations ruled a homicide
- Man charged with hate crime for destroying LGBTQ Pride flags at Stonewall National Monument
- Inmate gives birth alone in Tennessee jail cell after seeking medical help
Recommendation
Louvre will undergo expansion and restoration project, Macron says
Stephen Colbert, Jimmy Kimmel and others start podcast about Hollywood strikes together
How many people died in Maui fires? Officials near end of search for wildfire victims
Simone Biles using new clothing line to get empowering message across to girls
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Fake 'sober homes' targeting Native Americans scam millions from taxpayers
Chicago police searching for man who tried to kidnap 8-year-old boy
Saudi man sentenced to death for tweets in harshest verdict yet for online critics