Current:Home > FinanceSenate 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
View
Date:2025-04-18 11:13:12
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
- Retirement planning: 3 crucial moves everyone should make before 2025
- 'Closed for a significant period': I-95 in Connecticut shut down in both directions
- Brittney Griner 'Coming Home' interview shows not just her ordeal in Russia, but her humanity
- How to Apply Skincare in the Right Order, According to TikTok's Fave Dermatologist Dr. Shereene Idriss
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Ground beef tested negative for bird flu, USDA says
- Matthew and Camila McConaughey go pantsless again for Pantalones tequila promotion
- Judge declares mistrial after jury deadlocks in lawsuit filed by former Abu Ghraib prisoners
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Arkansas governor says state won’t comply with new federal rules on treatment of trans students
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- 'My goal is to ruin the logo': Tiger Woods discusses new clothing line on NBC's Today Show
- Officials say opioid 'outbreak' in Austin, Texas, linked to 9 deaths and 75 overdoses
- Why the best high-yield savings account may not come from a bank with a local branch
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- U.S. military concludes airstrike in Syria last May killed a civilian, not a terrorist
- Ohio launches effort to clean up voter rolls ahead of November’s presidential election
- Heavy rain leads to flooding and closed roads in southeast Texas
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
North Carolina Senate OKs $500 million for expanded private school vouchers
Anya Taylor-Joy Hits the Bullseye in Sheer Dress With Pierced With Arrows
'Pure evil': Pennsylvania nurse connected to 17 patient deaths sentenced to hundreds of years
Most popular books of the week: See what topped USA TODAY's bestselling books list
'SNL' announces season's final guests, including Sabrina Carpenter and Jake Gyllenhaal
New York made Donald Trump and could convict him. But for now, he’s using it to campaign
Arkansas governor says state won’t comply with new federal rules on treatment of trans students