Current:Home > reviewsSenate 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
Ethermac Exchange View
Date:2025-04-10 01:57:23
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! (794)
Related
- Meet first time Grammy nominee Charley Crockett
- Live Nation's hidden ticket fees will no longer be hidden, event company says
- 'All the Beauty and the Bloodshed' chronicles Nan Goldin's career of art and activism
- Politicians say they'll stop fentanyl smugglers. Experts say new drug war won't work
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- The Democrats Miss Another Chance to Actually Debate Their Positions on Climate Change
- Fixing the health care worker shortage may be something Congress can agree on
- Millions Now at Risk From Oil and Gas-Related Earthquakes, Scientists Say
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Meghan Markle Is Glittering in Gold During Red Carpet Date Night With Prince Harry After Coronation
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Daniel Penny indicted by grand jury in chokehold death of Jordan Neely on NYC subway
- Lawsuits Seeking Damages for Climate Change Face Critical Legal Challenges
- Sniffer dogs offer hope in waning rescue efforts in Turkey
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Frail people are left to die in prison as judges fail to act on a law to free them
- Cook Inlet Natural Gas Leak Can’t Be Fixed Until Ice Melts, Company Says
- Meet the self-proclaimed dummy who became a DIY home improvement star on social media
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
Rob Kardashian Makes Rare Comment About Daughter Dream Kardashian
Rob Kardashian Makes Rare Comment About Daughter Dream Kardashian
Selena Gomez Is Serving Up 2 New TV Series: All the Delicious Details
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Supreme Court rejects challenges to Indian Child Welfare Act, leaving law intact
Millions Now at Risk From Oil and Gas-Related Earthquakes, Scientists Say
In Charleston, S.C., Politics and Budgets Get in the Way of Cutting Carbon Emissions