Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Dynamic Money Growth
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 22:40:42
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! (7)
Related
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Hop in the minivan: 'Summer Is for Cousins' invites you on a family vacation
- Ukrainian drones hit a Russian tanker near Crimea in the second sea attack in a day
- Fenty Beauty by Rihanna Purple Blush Restock Alert: The Viral Product Is Back by Purple-Ar Demand
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Florida officials tell state schools to teach AP Psychology 'in its entirety'
- Court blocks Mississippi ban on voting after some crimes, but GOP official will appeal ruling
- FDA approves zuranolone, first pill for postpartum depression
- The Best Stocking Stuffers Under $25
- New York Activists Descend on the Hamptons to Protest the Super Rich Fueling the Climate Crisis
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- 'Barbie' movie will now be released in the United Arab Emirates, after monthlong delay
- Simone Biles wins 2023 U.S. Classic during return to competitive gymnastics
- U.S. Border Patrol agents discover 7 critically endangered spider monkeys huddled inside migrant's backpack
- What do we know about the mysterious drones reported flying over New Jersey?
- Rape charges filed against multiple teenage South Dakota baseball players
- Eagles offensive lineman Josh Sills acquitted on rape, kidnapping charges in Ohio
- Rebel Wilson Reveals How She Feels About Having a Second Baby
Recommendation
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
California investigates school district’s parental notification policy on children’s gender identity
Overnight airstrikes kill three in Ukraine as Moscow airport halts flights after foiled drone attack
Search continues for beloved teacher who went missing 1 week ago
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Climate change threatens Germany's fairy tale forests
Flash flood warnings continue for parts of Missouri, Illinois
Simone Biles dazzles in her return following a two-year layoff to easily claim the U.S. Classic.