Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -Mastery Money Tools
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 12:21:20
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! (47648)
Related
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Protective moose with calf tramples hiker in Colorado
- Slovakia expels one Russian diplomat, but doesn’t explain why
- NSYNC is back! Hear a snippet of the group's first new song in 20 years
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- When is the next Powerball drawing? Jackpot rises to almost $600 million after no winners
- Jordan rejects US request to release ex-Jordanian official accused of plot against king
- Rubiales arrives at Spanish court to be questioned over his kiss of player at Women’s World Cup
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- NFL Week 2 picks: With Aaron Rodgers gone, can Jets get past Cowboys for 2-0 start?
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Selena Gomez Is Proudly Putting a Spotlight on Her Mexican Heritage—On and Off Screen
- US casinos have their best July ever, winning nearly $5.4B from gamblers
- AP Week in Pictures: Asia
- What to watch: O Jolie night
- Texas AG Ken Paxton’s impeachment trial is almost over. This is what happened and what’s next
- Bill Clinton and other dignitaries gather to remember Bill Richardson during funeral Mass
- Delta to further limit access to its Sky Club airport lounges in effort to reduce crowds
Recommendation
Highlights from Trump’s interview with Time magazine
Israel’s Netanyahu is to meet Elon Musk. Their sit-down comes as X faces antisemitism controversy
Putin meets the leader of Belarus, who suggests joining Russia’s move to boost ties with North Korea
Environmental groups urge regulators to shut down California reactor over safety, testing concerns
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Boston doctor charged with masturbating and exposing himself to 14-year-old girl on airplane
Timeline: Hunter Biden under legal, political scrutiny
See the Moment *NSYNC Reunited in the Studio for the First Time in 2 Decades