Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -PrestigeTrade
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 12:00:22
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! (7)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- South Dakota Supreme Court reverses judge’s dismissal of lawsuit against abortion rights initiative
- Golf analyst Brandel Chamblee says Jon Rahm’s Olympic collapse one of year's biggest 'chokes'
- Novak Djokovic beats Carlos Alcaraz to win his first Olympic gold medal
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- USA Women's Basketball vs. Germany highlights: US gets big victory to win Group C
- American men underwhelm in pool at Paris Olympics. Women lead way as Team USA wins medal race.
- Mega Millions winning numbers for August 2 drawing: Jackpot now worth $374 million
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Spain vs. Morocco live updates: Score, highlights for Olympics men's soccer semifinals
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Back-To-School Makeup Organization: No More Beauty Mess on Your Desk
- National Root Beer Float Day: How to get your free float at A&W
- Why Jordan Chiles' score changed, giving her bronze medal in Olympic floor final
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Ryan Gosling and Eva Mendes make rare public appearance together at Paris Olympics
- 1 child dead after gust of wind sends bounce house into the air
- Washington attorney general and sheriff who helped nab Green River Killer fight for governor’s seat
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Social media bans could deny teenagers mental health help
Last Day to Shop the Nordstrom Anniversary Sale: Race Against the Clock to Shop the Top 45 Deals
USWNT roster, schedule for Paris Olympics: What to know about team headed into semifinals
B.A. Parker is learning the banjo
Pressure mounts on Victor Wembanyama, France in basketball at Paris Olympics
Pope Francis’ close ally, Cardinal Sean O’Malley, retires as archbishop of Boston at age 80
Who will US women's basketball team face in Olympics quarterfinals? Everything to know