Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -PrestigeTrade
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 22:16:26
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! (2496)
Related
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Man charged with hate crimes in Maryland parking dispute killings
- America's gender pay gap has shrunk to an all-time low, data shows
- Banc of California to buy troubled PacWest Bancorp, which came close to failing earlier this year
- Trump wants to turn the clock on daylight saving time
- Comic Jerrod Carmichael bares his secrets in 'Rothaniel'
- US air quality today: Maps show Chicago, Minneapolis among cities impacted by Canadian wildfire smoke
- Report: Kentucky crime statistics undercounted 2022 homicides in the state’s most populous county
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Police investigating homophobic, antisemitic vandalism at University of Michigan
Ranking
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Author Susan Kuklin: These teens wanted to let other kids know 'they are not alone'
- Investigators pore over evidence from the home of alleged Gilgo Beach serial killer as search ends
- Noah Baumbach's 'White Noise' adaptation is brave, even if not entirely successful
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- 2022 was a good year for Nikki Grimes, who just published her 103rd book
- Fire rages after reactor 'catastrophically failed' at Pittsburgh power substation
- Katie Ledecky wins gold in 1,500m freestyle at World Aquatics Championships
Recommendation
Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
STOMP closes after 29-year New York run
Pico Iyer's 'The Half Known Life' upends the conventional travel genre
What's making us happy: A guide to your weekend reading and viewing.
Where will Elmo go? HBO moves away from 'Sesame Street'
Banc of California to buy troubled PacWest Bancorp, which came close to failing earlier this year
Defense wants Pittsburgh synagogue shooter’s long-dead father exhumed to prove paternity
Third man gets prison time for trying to smuggle people from Canada into North Dakota