Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -Wealth Legacy Solutions
Senate begins final push to expand Social Security benefits for millions of people
Surpassing View
Date:2025-04-07 00:23:38
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! (1)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- U.S. closes Haiti embassy amid rapid gunfire after Haitians march to demand security
- 'Big Brother' cast member Luke Valentine removed from show after using racial slur
- Parents see own health spiral as their kids' mental illnesses worsen
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- McDonald's has a new McFlurry: Peanut Butter Crunch flavor is out now
- Hailey Bieber's Viral Strawberry Girl Makeup Is Just as Yummy as Her Glazed Donut Skin
- Ex Try Guys Member Ned Fulmer Spotted at Taylor Swift Concert With Wife One Year After Cheating Scandal
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Parkland shooting survivor David Hogg launches organization to guide a new generation into politics
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Lawsuit says Tennessee’s US House and state Senate maps discriminate against communities of color
- Elgton Jenkins tossed out of Packers-Bengals joint practice for fighting
- US commits to releasing more endangered red wolves into the wild, settling lawsuit
- Skins Game to make return to Thanksgiving week with a modern look
- When does 'Hard Knocks' episode 2 come out? 2023 episode schedule, how to watch
- Summer School 5: Tech and the innovator's dilemma
- Dam in Norway partially bursts after days of heavy rain, flooding and evacuations
Recommendation
Nevada attorney general revives 2020 fake electors case
Dating burnout is real: How to find love while protecting your mental health
Dam in Norway partially bursts after days of heavy rain, flooding and evacuations
New COVID vaccine and booster shots for this fall to be available by end of September
Woman dies after Singapore family of 3 gets into accident in Taiwan
Retired Col. Paris Davis, Medal of Honor recipient, receives long-overdue recognition
Auto shoppers may be getting some relief as 2023 finally sees drop in new car prices
Ex-Las Vegas Raider Henry Ruggs sentenced to 3-plus years in prison for fatal DUI crash in Nevada