Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -ValueCore
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 07:32:40
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! (2477)
Related
- Trump wants to turn the clock on daylight saving time
- Climate Change Remains a Partisan Issue in Georgia Elections
- Rediscovered Reports From 19th-Century Environmental Volunteers Advance the Research of Today’s Citizen Scientists in New York
- McDonald's franchises face more than $200,000 in fines for child-labor law violations
- Senate begins final push to expand Social Security benefits for millions of people
- New Study Identifies Rapidly Emerging Threats to Oceans
- The Day of Two Noons (Classic)
- From the Middle East to East Baltimore, a Johns Hopkins Professor Works to Make the City More Climate-Resilient
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Q&A: The Activist Investor Who Shook Up the Board at ExxonMobil, on How—or if—it Changed the Company
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- An African American Community in Florida Blocked Two Proposed Solar Farms. Then the Florida Legislature Stepped In.
- Blast Off With These Secrets About Apollo 13
- President Biden: Climate champion or fossil fuel friend?
- Skins Game to make return to Thanksgiving week with a modern look
- The economics of the influencer industry, and its pitfalls
- California Water Regulators Still Haven’t Considered the Growing Body of Research on the Risks of Oil Field Wastewater
- Fox isn't in the apology business. That could cost it a ton of money
Recommendation
All That You Wanted to Know About She’s All That
Cyberattacks on health care are increasing. Inside one hospital's fight to recover
Oil Industry Moves to Overturn Historic California Drilling Protection Law
BaubleBar 4th of July Sale: These $10 Deals Are Red, White and Cute
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Natural Gas Samples Taken from Boston-Area Homes Contained Numerous Toxic Compounds, a New Harvard Study Finds
Peloton is recalling nearly 2.2 million bikes due to a seat hazard
Housing dilemma in resort towns