Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -QuantumFunds
Senate begins final push to expand Social Security benefits for millions of people
Johnathan Walker View
Date:2025-04-08 06:34:30
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! (767)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Former tax assessor and collector in Mississippi is charged with embezzlement
- Taylor Fritz reaches US Open semifinal with win against Alexander Zverev
- Will Tiffani Thiessen’s Kids follow in Her Actor Footsteps? The Saved by the Bell Star Says…
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Donald Trump's campaign prohibited from using Isaac Hayes song after lawsuit threat
- What is The New Yorker cover this week? Why the illustration has the internet reacting
- Takeaways from AP’s report on JD Vance and the Catholic postliberals in his circle of influence
- Former longtime South Carolina congressman John Spratt dies at 82
- Jesse Metcalfe Reveals Status of John Tucker Must Die Friendships Ahead of Sequel
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Florida ‘whistleblower’ says he was fired for leaking plans to build golf courses in state parks
- Amazon expands AI-powered Just Walk Out to more NFL football stadiums, college campuses
- Afghan refugee pleads no contest to 2 murders in case that shocked Albuquerque’s Muslim community
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Federal judge decries discrimination against conservative group that publishes voters’ information
- Chicago man charged in fatal shooting of 4 sleeping on train near Forest Park: police
- Florida State drops out of AP Top 25 after 0-2 start. Texas up to No. 3 behind Georgia, Ohio State
Recommendation
The Daily Money: Spending more on holiday travel?
Stop Aging in Its Tracks With 50% Off Kate Somerville, Clinique & Murad Skincare from Sephora
Amazon expands AI-powered Just Walk Out to more NFL football stadiums, college campuses
Zendaya and Tom Holland Are the Perfect Match During Lowkey Los Angeles Outing
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
FACT FOCUS: Posts falsely claim video shows Harris promising to censor X and owner Elon Musk
4 Las Vegas teens plead guilty in classmate’s deadly beating as part of plea deal
Arkansas judge convicted of lying to feds about seeking sex with defendant’s girlfriend