Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -WealthPro Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 15:00:31
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! (38295)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- India joins an elite club as first to land a spacecraft near the moon's south pole
- North Carolina woman arrested after allegedly faking her own murder
- WWE Hall of Famer Terry Funk, 'one of the toughest' wrestling stars, dies at 79
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Oil production boosts government income in New Mexico, as legislators build savings ‘bridge’
- Driver of minivan facing charge in Ohio school bus crash that killed 1 student, hurt 23
- Illinois Environmental Groups Applaud Vetoes by Pritzker
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Flash flooding at Grand Canyon's South Rim leads to evacuations, major traffic jam: It was amazing
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Mayor Karen Bass calls Texas governor 'evil' for busing migrants to Los Angeles during Tropical Storm Hilary
- Tropical storm hits Caribbean, wildfires rage in Greece. What to know about extreme weather now
- Kerry Washington, Martin Sheen call for union solidarity during actors strike rally
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- MBA 7: Negotiating and the empathetic nibble
- Man arrested after 1-year-old girl's van death during dangerous heat in Omaha
- Former USC star Reggie Bush plans defamation lawsuit against NCAA
Recommendation
Trump's 'stop
Titans cornerback Caleb Farley's father killed, another injured in explosion at NFL player's house
Cowboys defensive end Sam Williams arrested on substance, weapon charges
Natalie Hudson named first Black chief justice of Minnesota Supreme Court
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
New game by Elden Ring developer delivers ace apocalyptic mech combat
Cargo plane crash kills 2 near central Maine airport
As hip-hop turns 50, Biggie Smalls' legacy reminds us of what the genre has survived
Like
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Dollar Tree and Family Dollar agree to take steps to improve worker safety at the bargain stores
- Mar-a-Lago IT employee changed his grand jury testimony after receiving target letter in special counsel probe, court documents say