Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -Bright Future Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 12:15:23
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! (13248)
Related
- The Best Stocking Stuffers Under $25
- NBA players, coaches, GMs react to Dikembe Mutombo's death: 'He made us who we are.'
- Lizzo Details Day That Made Her Feel Really Bad Amid Weight Loss Journey
- Jeep urges 194,000 plug-in hybrid SUV owners to stop charging and park outdoors due to fire risk
- $73.5M beach replenishment project starts in January at Jersey Shore
- Martin Short Details Nervous First Day on Only Murders Set with Meryl Streep
- Cardi B Reveals How She Found Out She Was Pregnant With Baby No. 3
- Angelina Jolie was 'scared' to sing opera, trained 7 months for 'Maria'
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Star Texas football player turned serial killer fights execution for murdering teenage twins
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- North Carolina town bands together after Helene wreaked havoc: 'That's what we do'
- How to help those affected by Hurricane Helene
- The Latest: Harris, Trump shift plans after Hurricane Helene’s destruction
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Colorado family sues after man dies from infection in jail in his 'blood and vomit'
- Anna Delvey Claims Dancing With the Stars Was Exploitative and Predatory
- Benny Blanco Has the Best Reaction to Selena Gomez’s Sexy Shoutout
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Ariana Grande defends Ethan Slater, slams 'evil' tabloids for relationship coverage
Biltmore Estate: What we know in the aftermath of Helene devastation in Asheville
Sex Lives of College Girls' Pauline Chalamet Gives Birth, Welcomes First Baby
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Timothée Chalamet Looks Unrecognizable With Hair and Mustache Transformation on Marty Supreme Set
Inside Frances Bean Cobain's Unique Private World With Riley Hawk
Oregon DMV waited weeks to tell elections officials about voter registration error