Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -MarketLink
Senate begins final push to expand Social Security benefits for millions of people
Benjamin Ashford View
Date:2025-04-07 08:50:07
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! (2)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- When is Aaron Rodgers coming back? Jets QB's injury updates, return timeline for 2023
- A man looking for his estranged uncle found him in America's largest public cemetery
- NBA mock draft 2.0: G League Ignite sensation Ron Holland projected No. 1 pick for 2024
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- 4 California men linked to Three Percenters militia convicted of conspiracy in Jan. 6 case
- Florida woman wins $5 million from state lottery's scratch off game
- RHOBH's Kyle Richards Slams F--king B---h Sutton Stracke Over Las Vegas Stripper Meltdown
- In ‘Nickel Boys,’ striving for a new way to see
- Caravan of 3,000 migrants blocks highway in southern Mexico
Ranking
- B.A. Parker is learning the banjo
- Next Met Gala theme unveiled: the ‘sleeping beauties’ of fashion
- Drivers are more likely to hit deer this time of year: When, where it's most likely to happen
- Virginia Democrats sweep legislative elections, delivering a blow Gov. Glenn Youngkin's plan for a GOP trifecta
- B.A. Parker is learning the banjo
- RHONY Alum Sonja Morgan Reveals She Had Sex With Owen Wilson Several Times
- NBA mock draft 2.0: G League Ignite sensation Ron Holland projected No. 1 pick for 2024
- These Gifts Inspired by The Bear Will Have Fans Saying, Yes, Chef!
Recommendation
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Effort to remove Michigan GOP chair builds momentum as infighting and debt plague party
'We all want you back': Ex-Indianapolis Colts Super Bowl champion Matt Ulrich, 41, dies
Ballot shortages in Mississippi created a problem for democracy on the day of a governor’s election
Woman dies after Singapore family of 3 gets into accident in Taiwan
NHL trade tracker: Minnesota Wild move out defenseman, acquire another
In Michigan, #RestoreRoe abortion rights movement hits its limit in the legislature
Rhinestones on steering wheels: Why feds say the car decoration can be dangerous