Current:Home > StocksSenate 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
View
Date:2025-04-12 06:16:55
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! (53246)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Nina Dobrev Details Struggle With Depression After Bike Accident
- Love Is the Big Winner in Paris: All the Athletes Who Got Engaged During the 2024 Olympics
- 2024 Olympics: Jordan Chiles’ Coach Slams Cheating Claims Amid Bronze Medal Controversy
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Former Super Bowl MVP, Eagles hero Nick Foles retiring after 11-year NFL career
- The Ultimate Guide to Microcurrent Therapy for Skin: Benefits and How It Works (We Asked an Expert)
- COVID-stricken Noah Lyles collapses after getting bronze, one of 8 US medals at Olympic track
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Simone Biles Details Bad Botox Experience That Stopped Her From Getting the Cosmetic Procedure
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- 2024 Olympics: Runner Noah Lyles Exits Race in Wheelchair After Winning Bronze With COVID Diagnosis
- Ferguson marks 10 years since Michael Brown’s death. While there’s some progress, challenges persist
- Kelsea Ballerini announces new album, ‘Patterns.’ It isn’t what you’d expect: ‘I’m team no rules’
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Off the Grid: Sally breaks down USA TODAY's daily crossword, Get Moving! (Freestyle)
- Cash App to award $15M to users in security breach settlement: How to file a claim
- Columbia University deans resign after exchanging disparaging texts during meeting on antisemitism
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
California lawmaker switches party, criticizes Democratic leadership
Morocco topples Egypt 6-0 to win Olympic men’s soccer bronze medal
France beats Germany 73-69 to advance to Olympic men’s basketball gold medal game
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Former Uvalde schools police chief says he’s being ‘scapegoated’ over response to mass shooting
Second person with spinal cord injury gets Neuralink brain chip and it's working, Musk says
Consumers—and the Environment—Are Going to Pay for Problems With the Nation’s Largest Grid Region