Current:Home > ScamsSenate 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:2025-04-15 14:40:36
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! (82)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- What's making us happy: A guide to your weekend reading, listening and viewing
- You Need to See Selena Gomez's Praise for Girl Crush Bella Hadid
- 'Succession' Season 4, Episode 4: 'Honeymoon States'
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Mexican children's comic Chabelo dies at 88
- Serving up villains and vengeance in 'Love Is Blind' and Steven Yeun's 'Beef'
- Avril Lavigne and Mod Sun Break Up a Year After Engagement
- 'Most Whopper
- Gloria Dea, the 1st magician to perform on the Las Vegas Strip, dies at 100
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Megan Fox Addresses Cheating Rumors About Machine Gun Kelly Relationship as She Returns to Instagram
- Kellie Pickler's Husband Kyle Jacobs Dies by Apparent Suicide at 49
- Wayfair Presidents' Day Sale: Shop Cuisinart, Home Decor, Furniture & More Deals Starting at $22
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Pink Explains Why the Lady Marmalade Music Video Wasn't Fun to Make
- Nordstrom Winter Sale: Shop a $128 Sweater for $38 & 50% Off Levi's, Kate Spade, Free People & More
- As 'Sweeney Todd' returns to Broadway, 4 Sweeneys dish about the difficult role
Recommendation
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
See Coco Austin and Ice-T’s Daughter Chanel All Grown Up on the Red Carpet
Inside Bruce Willis' Family Support System: How Wife Emma, His Daughters and Ex Demi Moore Make It Work
It's a lovely day in London with the romantic 'Rye Lane'
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
We're Russian To Finish 'Shadow And Bone'
A monument of Harriet Tubman now replaces a statue of Christopher Columbus in Newark
Fall Out Boy on returning to the basics and making the 'darkest party song'