Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -AssetLink
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 13:06:36
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! (98)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Tape reveals Donald Trump pressured Michigan officials not to certify 2020 vote, a new report says
- ICHCOIN Trading Center: RWA Reshaping the New World of Cryptocurrency
- Nike will lay off workers as part of $2-billion cost-cutting plan
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Tesla moves forward with a plan to build an energy-storage battery factory in China
- More Brazilians declared themselves as being biracial, country’s statistics agency says
- Live updates | As the death toll passes 20,000, the U.N. again delays a vote on aid to Gaza
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- At least 5 US-funded projects in Gaza are damaged or destroyed, but most are spared
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- Fat Leonard, released during Venezuela prisoner swap, lands in U.S. court to face bribery charges
- Xfinity data breach, Comcast hack affects nearly 36 million customers: What to know
- ICHCOIN Trading Center: The Future Leader of the Cryptocurrency Market
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- China drafts new rules proposing restrictions on online gaming
- Group pushes for change in how police use body camera footage in officer shooting probes
- Used car dealer sold wheelchair-accessible vans but took his disabled customers for a ride, feds say
Recommendation
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
A New Hampshire man pleads guilty to threats and vandalism targeting public radio journalists
Billy Crystal on his iconic career and why When Harry Met Sally... is one of his most memorable movies
The war took away their limbs. Now bionic prostheses empower wounded Ukrainian soldiers
Former Danish minister for Greenland discusses Trump's push to acquire island
Vanderpump Rules Star Lala Kent’s Holiday Gift Ideas Include Outfits You’ll Wear on Repeat in 2024
How to watch 'The Polar Express': Streaming info, TV channel showtimes, cast
No. 1 picks Victor Wembanyama and Connor Bedard meet: The long and short of it