Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Ascend Finance Compass
Senate begins final push to expand Social Security benefits for millions of people
SafeX Pro Exchange View
Date:2025-04-11 10:28:43
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! (11)
Related
- Meta releases AI model to enhance Metaverse experience
- What we know about bike accident that killed Johnny Gaudreau, NHL star
- Pregnant Lindsay Hubbard Shares Revelation on Carl Radke Relationship One Year After Split
- Trump wants to make the GOP a ‘leader’ on IVF. Republicans’ actions make that a tough sell
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Ex-Florida deputy released on bond in fatal shooting of U.S. Airman Roger Fortson
- Defending champion Novak Djokovic is shocked at the US Open one night after Carlos Alcaraz’s loss
- Hello Kitty's Not a Cat, Goofy's Not a Dog. You'll Be Shocked By These Facts About Your Fave Characters
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- US Open highlights: Frances Tiafoe outlasts Ben Shelton in all-American epic
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- Man arrested in Colorado dog breeder’s killing, but the puppies are still missing
- NFL, owners are forcing Tom Brady into his first difficult call
- Home contract signings hit lowest since 2001 as house hunters losing hope
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- NHL player Johnny Gaudreau and his brother have died after their bicycles were hit by a car
- Michigan's Sherrone Moore among college football coaches without a signed contract
- Contract security officers leave jail in Atlanta after nonpayment of contract
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Where Summer House's Lindsay Hubbard & Carl Radke Stand One Year After Breakup
A famous cherry tree in DC was uprooted. Its clones help keep legacy alive
Chrysler's great-grandson wants to buy, rebuild Chrysler, Dodge brand; Stellantis responds
2 killed, 3 injured in shooting at makeshift club in Houston
Top Brazilian judge orders suspension of X platform in Brazil amid feud with Musk
Will Lionel Messi travel for Inter Miami's match vs. Chicago Fire? Here's the latest
Another grocery chain stops tobacco sales: Stop & Shop ditches cigarettes at 360 locations