Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -Visionary Growth Labs
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 09:12:21
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! (6935)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan
- Another University of Utah gymnast details abusive environment and names head coach
- 41 states sue Meta alleging that Instagram and Facebook is harmful, addictive for kids
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Here's What's Coming to Netflix in November 2023: The Crown & More
- Stock market today: World shares slide after Wall St rout driven by high yields, mixed earnings
- Drake & Josh’s Josh Peck Reveals He Almost Played Edward Cullen in Twilight
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- In political battleground of Georgia, a trial is set to determine legitimacy of voting challenge
Ranking
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- 'The Gilded Age' has bustles, butlers, and Baranski
- Judge dismisses Birmingham-Southern lawsuit against Alabama state treasurer over loan denial
- Southern Indiana man gets 240 years for 2 murders, attempted murder and robbery
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Trump called to testify in gag order dispute, fined $10,000 by judge in New York fraud trial
- Beyoncé's Rare Video Talking to Fans Will Give You Energy
- Many wonder how to get rid of heartburn. Here's what the experts suggest.
Recommendation
Arkansas State Police probe death of woman found after officer
Hurricane Otis causes damage, triggers landslides after making landfall in Mexico as Category 5 storm
Fearing airstrikes and crowded shelters, Palestinians in north Gaza defy Israeli evacuation orders
Have student loans? Want free pizza? Dominos is giving away $1 million worth of pies.
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Turkey’s central bank opts for another interest rate hike in efforts to curb inflation
Stock market today: World shares slide after Wall St rout driven by high yields, mixed earnings
Two Florida women claim $1 million prizes from state's cash-for-life scratch-off game