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:2025-04-12 18:50:17
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! (1439)
Related
- Senate begins final push to expand Social Security benefits for millions of people
- West Virginia construction firm to buy bankrupt college campus
- Groundhogs are more than weather predictors: Here are some lesser known facts about them
- South Dakota man charged in 2013 death of girlfriend takes plea offer, avoiding murder charge
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Step Inside Jason Kelce and Kylie Kelce’s Winning Family Home With Their 3 Daughters
- Jury hears that Michigan school shooter blamed parents for not getting him help
- USC, UCLA, ACC highlight disappointments in men's college basketball this season
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Traffic dispute in suburban Chicago erupts into gunfire, with 4 shot
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- Alec Baldwin pleads not guilty to involuntary manslaughter charge in fatal film set shooting
- Did 'Wheel of Fortune' player get cheated out of $40,000? Contestant reveals what she said
- When do new episodes of 'Feud: Capote vs. The Swans' come out? See full series schedule
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- NCAA spent years fighting losing battles and left itself helpless to defend legal challenges
- 'Black History Month is not a token': What to know about nearly 100-year-old tradition
- How the Samsung Freestyle Projector Turned My Room Into the Movie Theater Haven of My Dreams
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Georgia governor signs bill that would define antisemitism in state law
Ole Miss player DeSanto Rollins' lawsuit against football coach Lane Kiffin dismissed
Texas jury recommends the death penalty for man convicted of the fatal shooting of a state trooper
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Premature birth rate rose 12% since 2014, the CDC reports. A doctor shares what to know.
Archaeologists in Egypt embark on a mission to reconstruct the outside of Giza's smallest pyramid
More than 200 staffers with Chicago Tribune and 6 other newsrooms begin 24-hour strike