Current:Home > ContactSenate 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:2025-04-25 06:19:44
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! (4)
Related
- Federal hiring is about to get the Trump treatment
- Florida woman charged with freeway shootings amid eclipse said she was 'directed by God'
- Why Louis Tomlinson Is No Longer Concerned About Harry Styles Conspiracy Theories
- Librarians fear new penalties, even prison, as activists challenge books
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Eclipse glasses recalled: Concerns with Biniki glasses, other Amazon brands, prompt alert
- 2-time All-Star Ja Morant defended himself during pickup game fight, judge says
- Former Miss America runs again for North Dakota’s only U.S. House seat in a crowded GOP primary
- Travis Hunter, the 2
- Transgender inclusion? World’s major religions take varying stances on policies toward trans people
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Watch rare pink volcanic vortex bubbles spew out of Italy's Mount Etna
- More than 200 women and several men accuse doctor in lawsuit of sexual abuse, unnecessary exams
- Eva Mendes' Brother Carlo Mendez Shares What She and Ryan Gosling Are Like as Parents
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Facing likely prison sentences, Michigan school shooter’s parents seek mercy from judge
- Why Below Deck's Familiar New Stew Is Already Starting Drama on Season 11
- Urban Outfitters' Total Eclipse of the Sale Delivers Celestial Savings Up to 40% on So Many Cute Styles
Recommendation
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Israel has told White House that IDF troops will have rest and refit, NSC's John Kirby says
Person comes forward to claim $1.3 billion Powerball jackpot in Oregon
Out of the darkness: Babies born and couples tie the knot during total eclipse of 2024
All That You Wanted to Know About She’s All That
Robert Downey Jr. Reveals Honest Reaction to Jimmy Kimmel's 2024 Oscars Joke
Concessions are ridiculously cheap at the Masters. But beer will cost a little more this year
Truck driver fatally shot in confrontation with police officer in Michigan