Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -Blueprint Money Mastery
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 11:30:48
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! (6983)
Related
- Highlights from Trump’s interview with Time magazine
- She was last seen July 31. Her husband reported her missing Aug. 5. Where is Mamta Kafle?
- Kansas City Chiefs player offers to cover $1.5M in stolen chicken wings to free woman
- Taylor Swift gets 3-minute ovation at Wembley Stadium: Follow live updates from London
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Federal agency says lax safety practices are putting New York City subway workers at risk
- Caitlin Clark returns to action after Olympic break: How to watch Fever vs. Mercury
- US Army intelligence analyst pleads guilty to selling military secrets to China
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Jordan Chiles Vows Justice Will Be Served After Losing Medal Appeal
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Video shows 2 toddlers in diapers, distraught in the middle of Texas highway after crash
- Detroit judge orders sleepy teenage girl on field trip to be handcuffed, threatens jail
- US shoppers sharply boosted spending at retailers in July despite higher prices
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- TikToker Nicole Renard Warren Claps Back Over Viral Firework Display at Baby’s Sex Reveal
- Gymnast Gabby Douglas Shares $5 Self-Care Hacks and Talks Possible 2028 Olympic Comeback
- Taylor Swift fans in London say they feel safe because 'there is security everywhere'
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
US judge reopens $6.5 million lawsuit blaming Reno air traffic controllers for fatal crash in 2016
'Jackpot!' star John Cena loves rappers, good coffee and a fine tailored suit
Raffensperger blasts proposed rule requiring hand count of ballots at Georgia polling places
Buckingham Palace staff under investigation for 'bar brawl'
Ranking MLB jersey advertisements: Whose patch is least offensive?
What Conservation Coalitions Have Learned from an Aspen Tree
5 people charged in Matthew Perry's death, including 'Friends' actor's doctor, assistant