Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -Dynamic Wealth Bridge
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-12 21:15:31
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! (6193)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- The Senate's Ticketmaster hearing featured plenty of Taylor Swift puns and protesters
- Prince William’s Adorable Photos With His Kids May Take the Crown This Father’s Day
- On California’s Coast, Black Abalone, Already Vulnerable to Climate Change, are Increasingly Threatened by Wildfire
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Simon says we're stuck with the debt ceiling (Encore)
- Two U.S. Oil Companies Join Their European Counterparts in Making Net-Zero Pledges
- Too Much Sun Degrades Coatings That Keep Pipes From Corroding, Risking Leaks, Spills and Explosions
- Intellectuals vs. The Internet
- America, we have a problem. People aren't feeling engaged with their work
Ranking
- Military service academies see drop in reported sexual assaults after alarming surge
- At buzzy health care business conference, investors fear the bubble will burst
- Colorado woman dies after 500-foot fall while climbing at Rocky Mountain National Park
- Biden's offshore wind plan could create thousands of jobs, but challenges remain
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- New Jersey ship blaze that killed 2 firefighters finally extinguished after nearly a week
- Mary Nichols Was the Early Favorite to Run Biden’s EPA, Before She Became a ‘Casualty’
- Amazon ends its charity donation program AmazonSmile after other cost-cutting efforts
Recommendation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Can Arctic Animals Keep Up With Climate Change? Scientists are Trying to Find Out
Inside Clean Energy: Unpacking California’s Controversial New Rooftop Solar Proposal
A chat with the president of the San Francisco Fed
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Treat Williams' Daughter Honors Late Star in Heartbreaking Father's Day Tribute One Week After His Death
Protein-Filled, With a Low Carbon Footprint, Insects Creep Up on the Human Diet
Marc Anthony and Wife Nadia Ferreira Welcome First Baby Together Just in Time for Father's Day