Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -BrightFuture Investments
Senate begins final push to expand Social Security benefits for millions of people
SafeX Pro View
Date:2025-04-07 16:13:45
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! (83632)
Related
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Man, 71, charged with murder, hate crimes in stabbing death of 6-year-old
- Illinois man fatally stabbed 6-year-old in hate crime motivated by Israeli-Hamas war, authorities say
- Jury selection to begin Friday in first Georgia election interference trial
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Cricket’s Olympic return draws an enthusiastic response from around the world
- Women’s voices being heard at Vatican’s big meeting on church’s future, nun says
- Massive NYC landfill-to-park project hits a milestone; first section opens to the public
- Could your smelly farts help science?
- What is saffron? A beneficial, tasty, and pricey spice
Ranking
- Intellectuals vs. The Internet
- Dollar General fired store cashier because she was pregnant, regulators say
- Myanmar’s military seeks to keep ethnic minority allies on its side with anniversary of cease-fire
- Jurassic Park's Sam Neill Shares Health Update Amid Blood Cancer Battle
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Massachusetts governor warns state’s shelter system is nearing capacity with recent migrant families
- Can Taylor Swift's Eras Tour concert film save movie theaters?
- A hotel worker's 3-hour commute tells the story of LA's housing crisis and her strike
Recommendation
Travis Hunter, the 2
Under busy Florida street, a 19th-century boat discovered where once was water
'Netflix houses', where fans can immerse themselves in their favorite shows, will open in US by 2025
IDF reservist offers harrowing description of slaughters and massacres of Israeli civilians
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Women’s voices being heard at Vatican’s big meeting on church’s future, nun says
Kim Ng, MLB’s 1st female GM, is leaving the Miami Marlins after making the playoffs in 3rd season
He’s a survivor: A mother fights for son kidnapped by Hamas militants