Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -Clarity Finance Guides
Senate begins final push to expand Social Security benefits for millions of people
Fastexy View
Date:2025-04-08 03:42:02
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! (68)
Related
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- Johnny Depp calls Amber Heard defamation trial 'a soap opera' while promoting new film
- Adam Pearson is ready to roll the dice
- Secret Service failures before Trump rally shooting were ‘preventable,’ Senate panel finds
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Chicago’s Latino Neighborhoods Have Less Access to Parks, But Residents Are Working to Change That
- Kim Porter's children with Diddy call out 'horrific' conspiracy theories about her death
- These women spoke out about Diddy years ago. Why didn't we listen?
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Senate approves criminal contempt resolution against Steward Health Care CEO
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Kim Porter's children with Diddy call out 'horrific' conspiracy theories about her death
- DWTS’ Brooks Nader and Gleb Savchenko Detail “Chemistry” After Addressing Romance Rumors
- Artem Chigvintsev's Lawyer Gives Update on Nikki Garcia Divorce
- DoorDash steps up driver ID checks after traffic safety complaints
- Love Is Blind’s Sarah Ann Bick Reveals She and Jeramey Lutinski Broke Up
- Harris plans to campaign on Arizona’s border with Mexico to show strength on immigration
- Video captures Brittany Furlan jump into rescue mode after coyote snatches dog from backyard
Recommendation
This was the average Social Security benefit in 2004, and here's what it is now
Anna Delvey's 'DWTS' run ends in elimination: She never stood a chance against critics.
Adam Pearson is ready to roll the dice
Jenn Sterger comments on Brett Favre's diagnosis: 'Karma never forgets an address'
Highlights from Trump’s interview with Time magazine
The Lainey Wilson x Wrangler Collab Delivers Grit, Grace & Iconic Country Vibes - Shop the Collection Now
Ex-officer says he went along with ‘cover-up’ of fatal beating hoping Tyre Nichols would survive
Squatters graffiti second vacant LA mansion owned by son of Philadelphia Phillies owner