Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -CapitalCourse
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 10:29:18
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! (6613)
Related
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- How Kate Middleton Honored Queen Elizabeth II and Princess Diana at Coronation
- What happened on D-Day? A timeline of June 6, 1944
- Sea Level Rise Is Accelerating: 4 Inches Per Decade (or More) by 2100
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Sea Level Rise Is Creeping into Coastal Cities. Saving Them Won’t Be Cheap.
- Snowpack Near Record Lows Spells Trouble for Western Water Supplies
- A box of 200 mosquitoes did the vaccinating in this malaria trial. That's not a joke!
- Meet first time Grammy nominee Charley Crockett
- Montana health officials call for more oversight of nonprofit hospitals
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Snowpack Near Record Lows Spells Trouble for Western Water Supplies
- Ten States Aim for Offshore Wind Boom in Alliance with Interior Department
- Today’s Climate: June 3, 2010
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Dead raccoon, racially hateful message left for Oregon mayor, Black city council member
- Of Course Princess Anne Was the Only Royal Riding on a Horse at King Charles III's Coronation
- Camila Cabello and Shawn Mendes’ Latest Reunion Will Have You Saying My Oh My
Recommendation
Highlights from Trump’s interview with Time magazine
Below Deck Alum Kate Chastain Gives Birth, Welcomes First Baby
Today’s Climate: June 16, 2010
Today’s Climate: June 2, 2010
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Here's what the FDA says contributed to the baby formula shortage crisis
Shannen Doherty says breast cancer spread to her brain, expresses fear and turmoil
California plans to phase out new gas heaters by 2030