Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -VitalWealth Strategies
Senate begins final push to expand Social Security benefits for millions of people
TrendPulse View
Date:2025-04-11 04:57:34
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! (2141)
Related
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- The Daily Money: No diploma? No problem.
- '1000-lb Sisters' star Amy Slaton arrested on drug possession, child endangerment charges
- NFL Sunday Ticket price breakdown: How much each package costs, plus deals and discounts
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Florida ‘whistleblower’ says he was fired for leaking plans to build golf courses in state parks
- 'Bachelorette' finale reveals Jenn Tran's final choice — and how it all went wrong
- Channing Tatum Shares Rare Personal Message About Fiancée Zoë Kravitz
- In ‘Nickel Boys,’ striving for a new way to see
- US wheelchair basketball team blows out France, advances to semis
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Injuries reported in shooting at Georgia high school
- Oregon hospital hit with $303M lawsuit after a nurse is accused of replacing fentanyl with tap water
- Iowa Lt. Gov. Adam Gregg resigns ‘to pursue a career opportunity,’ governor says
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- The War on Drugs announces a live album ahead of its tour with The National
- Selling the OC’s Alex Hall Shares Update on Tyler Stanaland Relationship
- Global stocks tumble after Wall Street drops on worries about the economy
Recommendation
The White House is cracking down on overdraft fees
Neighbor charged with murder of couple who went missing from California nudist resort
How Wheel of Fortune's Vanna White First Reacted to Ryan Seacrest Replacing Pat Sajak
2 Phoenix officers shot with 1 listed in critical condition, police say
What to watch: O Jolie night
Looking to advance your career or get a raise? Ask HR
Fantasy football rankings for Week 1: The party begins
Zendaya and Tom Holland Are the Perfect Match During Lowkey Los Angeles Outing