Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -TradeFocus
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-26 12:44:19
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
- Questlove charts 50 years of SNL musical hits (and misses)
- A boat capsizing in north-central Nigeria killed at least 24 people. Dozens of others are missing
- No. 10 Texas had nothing to fear from big, bad Alabama in breakthrough victory
- Lauren Groff has a go bag and says so should you
- North Carolina justices rule for restaurants in COVID
- The death toll from floods in Greece has risen to 15 after 4 more bodies found, authorities say
- Hurricane Lee updates: No direct hit expected, but rip currents headed to East Coast
- All the Celebrity Godparents You Didn't Know About
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Governor's temporary ban on carrying guns in public meets resistance
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Governor's temporary ban on carrying guns in public meets resistance
- All the Celebrity Godparents You Didn't Know About
- Scarfing down your food? Here's how to slow down and eat more mindfully
- Travis Hunter, the 2
- Ashton Kutcher, Mila Kunis address criticism for sending character reference letters in Danny Masterson case
- South Korean media: North Korean train presumably carrying leader Kim Jong Un departed for Russia
- AP Top 25 Takeaways: Texas is ready for the SEC, but the SEC doesn’t look so tough right now
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Novak Djokovic and Daniil Medvedev meet again in the US Open men’s final
Overdose-reversing drug administered to puppy after possible fentanyl exposure in California
Walter Isaacson on Elon Musk: It's almost like Dr. Jekyll and Mr. Hyde
Trump invites nearly all federal workers to quit now, get paid through September
Sunday Night Football highlights: Cowboys rout Giants in NFC East showdown
Ja'Marr Chase on trash talk after Bengals' loss to Browns: 'We just lost to some elves'
Kylie Jenner and Timothée Chalamet Serve PDA at 2023 U.S. Open