Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -ClearPath Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 07:59:25
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! (71344)
Related
- South Korean president's party divided over defiant martial law speech
- Ohio historical society settles with golf club to take back World Heritage tribal site
- Court reverses conviction against former NH police chief accused of misconduct in phone call
- Olympian Katie Ledecky Has Become a Swimming Legend—But Don’t Tell Her That
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Colorado wildfires continue to rage as fire-battling resources thin
- Body of 20-year-old North Carolina man recovered after 400-foot fall at Grand Canyon National Park
- 2024 Olympics: How Brazilian Gymnast Flavia Saraiva Bounced Back After Eye Injury
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- A sign spooky season is here: Spirit Halloween stores begin opening
Ranking
- Meet first time Grammy nominee Charley Crockett
- Olympic female boxers are being attacked. Let's just slow down and look at the facts
- Powerball winning numbers for July 31 drawing: Jackpot at $171 million
- 'Love Island UK' Season 11: Who are the winners? How to stream the finale in the US
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Video shows dramatic rescue of crying Kansas toddler from bottom of narrow, 10-foot hole
- 'Deadpool & Wolverine' is a blast, but it doesn't mean the MCU is back
- Police unions often defend their own. But not after the Sonya Massey shooting.
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Connecticut man bitten by rare rattlesnake he tried to help ends up in coma
Do Swimmers Pee in the Pool? How Do Gymnasts Avoid Wedgies? All Your Olympics Questions Answered
Prince Harry and Meghan Markle Share Rare Family Update During First Joint Interview in 3 Years
Rylee Arnold Shares a Long
Prince Harry and Meghan Markle Share Rare Family Update During First Joint Interview in 3 Years
Ballerina Farm Influencer Hannah Neeleman Slams “Attack on Her Family Lifestyle
Arkansas Supreme Court asked to disqualify ballot measure that would block planned casino