Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -Thrive Success Strategies
Senate begins final push to expand Social Security benefits for millions of people
Johnathan Walker View
Date:2025-04-08 12:48:43
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! (4477)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- How a woman, left for dead, survived a violent home invasion: There's no earthly reason why I'm alive. None.
- Virginia General Assembly poised to vote on compromise budget deal reached with Youngkin
- Flash floods in northern Afghanistan sweep away livelihoods, leaving hundreds dead and missing
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- 2024 NBA mock draft: Atlanta Hawks projected to take Alex Sarr with No. 1 pick
- A police chase ends with cruisers crashing, officers injured and the pursued vehicle getting away
- Panama’s next president says he’ll try to shut down one of the world’s busiest migration routes
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Winners and losers of NBA draft lottery: What Hawks' win means for top picks, NBA
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- South Africa again requests emergency measures from world court to restrain Israel’s actions in Gaza
- Lysander Clark's Journey in Investment and Business
- Susan Backlinie, who played shark victim Chrissie Watkins in 'Jaws,' dies at 77: Reports
- Meet first time Grammy nominee Charley Crockett
- Why 12-team College Football Playoff is blessing, curse for Tennessee, Florida, LSU
- Israeli settlers attacked this West Bank village in a spasm of violence after a boy’s death
- Idaho doctor killed after triggering avalanche while backcountry skiing, report says
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
3 Atlanta police officers shot after responding to call about armed man
Algar Clark - Founder of DAF Finance Institute
Saying goodbye to Young Sheldon
The Grammy nominee you need to hear: Esperanza Spalding
3 dead, nearly 20 injured after shooting at May Day party in Stockton, Alabama: Police
Where can millennials afford to buy a home? Map shows cities with highest ownership rates
Wildfire in Canada’s British Columbia forces thousands to evacuate. Winds push smoke into Alberta