Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -FinanceCore
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-25 22:33:05
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! (459)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Inside Pregnant Gypsy Rose Blanchard and Ken Urker's Road to Baby
- Ex-Browns QB Bernie Kosar reveals Parkinson's, liver disease diagnoses
- Jaguars linebacker Josh Allen reveals why he's changing his name
- British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
- Jaguars linebacker Josh Allen reveals why he's changing his name
- Melissa Etheridge connects with incarcerated women in new docuseries ‘I’m Not Broken’
- Bethenny Frankel opens up about breakup with fiancé Paul Bernon: 'I wasn't happy'
- 9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
- Joe Tessitore to join WWE as play-by-play voice, team with Corey Graves, Wade Barrett
Ranking
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- The 'Bachelorette's Trista and Ryan are still together. Fans need it to stay that way
- Tobey Maguire's Ex-Wife Jennifer Meyer Defends His Photos With 20-Year-Old Model Lily Chee
- More Americans say college just isn't worth it, survey finds
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Meagan Good Reveals Silver Lining in DeVon Franklin Divorce
- Gypsy Rose Blanchard Claps Back at Fans for Visiting Home Where Her Mom Was Murdered
- Record 3 million passengers passed through TSA checkpoints Sunday after July 4th
Recommendation
$1 Frostys: Wendy's celebrates end of summer with sweet deal
Ex-Browns QB Bernie Kosar reveals Parkinson's, liver disease diagnoses
USWNT roster for Paris Olympics: With Alex Morgan left out, who made the cut?
Giada De Laurentiis Reunites With Ex Todd Thompson to Support Daughter Jade
Euphoria's Hunter Schafer Says Ex Dominic Fike Cheated on Her Before Breakup
This Slimming SKIMS Bodysuit Works With Low-Cut, Backless Looks: Plus More Styles I Predict Will Sell Out
Great-grandmother who just finished radiation treatments for breast cancer wins $5M lottery prize
Topical gel is latest in decades-long quest for hormonal male birth control