Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -Nova Finance Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 18:56:41
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! (995)
Related
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- 'Wait Wait' for February 24, 2024: Hail to the Chief Edition
- 19-year-old Jaedyn Shaw scores twice as USWNT downs Argentina in Gold Cup
- Department of Defense says high-altitude balloon detected over Western U.S. is hobbyist balloon
- Highlights from Trump’s interview with Time magazine
- Man who uses drones to help hunters recover deer carcasses will appeal verdict he violated laws
- Fulton County D.A.'s office disputes new Trump claims about Fani Willis' relationship with her deputy Nathan Wade
- Kelly Ripa's Nutritionist Doesn't Want You to Give Up the Foods You Love
- 'We're reborn!' Gazans express joy at returning home to north
- Beauty Blowout Deals: 83% off Perricone MD, Peter Thomas Roth, Tarte Cosmetics, and More + Free Shipping
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Biden tells governors he’s eyeing executive action on immigration, seems ‘frustrated’ with lawyers
- Police: 7 farmworkers in van, 1 pickup driver killed in head-on crash in California farming region
- Two Navy SEALs drowned in the Arabian Sea. How the US charged foreign crew with smuggling weapons
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Oaths and pledges have been routine for political officials. That’s changing in a polarized America
- Lulus’ Buy 3-Get-1 Free Sale Includes Elegant & Stylish Dresses, Starting at $15
- Beyoncé's use of Black writers, musicians can open the door for others in country music
Recommendation
Travis Hunter, the 2
Nine NFL draft sleepers who could turn heads at 2024 scouting combine
NCAA president says Congress must act to preserve sports at colleges that can’t pay athletes
Andy Cohen apologizes, denies sexually harassing Brandi Glanville in 2022 video call
Average rate on 30
Brother of suspect in nursing student’s killing had fake green card, feds say
Toyota recalls 280,000 Tundras, other vehicles over transmission issue
If You’re an ‘It’ Girl, This Is Everything You Need To Buy From Coach Outlet’s 75% off Clearance Sale