Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -TradeCircle
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 12:22:50
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! (636)
Related
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- 3-year-old dies in Florida after being hit by car while riding bike with mom, siblings
- The Dynamax Isata 5 extreme off-road RV is ready to go. Why wait for a boutique RV build?
- She took on world's largest porn site for profiting off child abuse. She's winning.
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Stock market today: Asian stocks track Wall Street gains ahead of central bank meetings
- Lana Condor mourns loss of mom: 'I miss you with my whole soul'
- All the Athletes Who Made History During the 2024 Paris Olympics
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Want to earn extra money through a side hustle? Here's why 1 in 3 Americans do it.
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- American swimmer Nic Fink wins silver in men's 100 breaststroke at Paris Olympics
- Chinese glass maker says it wasn’t target of raid at US plant featured in Oscar-winning film
- All-American women's fencing final reflects unique path for two Olympic medalists
- Military service academies see drop in reported sexual assaults after alarming surge
- Johnny Depp pays tribute to late 'Pirates of the Caribbean' actor Tamayo Perry
- Pennsylvania man arrested after breaking into electrical vault in Connecticut state office building
- Lady Gaga Confirms Engagement to Michael Polansky at 2024 Olympics
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Showbiz Grand Slam
New England Patriots DT Christian Barmore diagnosed with blood clots
Team USA Water Polo Star Maggie Steffens' Sister-in-Law Dies After Traveling to Paris Olympics
Questlove charts 50 years of SNL musical hits (and misses)
Mom sees son committing bestiality, sex acts with horse on camera; son charged: Authorities
Powerball winning numbers for July 27 drawing: Jackpot now worth $144 million
Trump and Harris enter 99-day sprint to decide an election that has suddenly transformed