Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -Elevate Money Guide
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-14 20:28:41
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! (33787)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Want to understand your adolescent? Get to know their brain
- Beyond the 'abortion pill': Real-life experiences of individuals taking mifepristone
- Homelessness rose in the U.S. after pandemic aid dried up
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- This Sheet Mask Is Just What You Need to Clear Breakouts and Soothe Irritated, Oily Skin
- Rita Wilson Addresses That Tense Cannes Film Festival Photo With Tom Hanks
- Singer Ava Max slapped on stage, days after Bebe Rexha was hit with a phone while performing
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Nordstrom Rack's Clear the Rack Sale Has $5 Madewell Tops, $28 Good American Dresses & More for 80% Off
Ranking
- Travis Hunter, the 2
- A Lesson in Economics: California School District Goes Solar with Storage
- Parkinson's Threatened To Tear Michael J. Fox Down, But He Keeps On Getting Up
- Kim Kardashian Reacts to Kanye West Accusing Her of Cheating With Drake
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- How Federal Giveaways to Big Coal Leave Ranchers and Taxpayers Out in the Cold
- National Eating Disorders Association phases out human helpline, pivots to chatbot
- The Texas Legislature approves a ban on gender-affirming care for minors
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
What we know about the tourist sub that disappeared on an expedition to the Titanic
In Australia’s Burning Forests, Signs We’ve Passed a Global Warming Tipping Point
Why Melissa McCarthy Is Paranoid to Watch Gilmore Girls With Her Kids at Home
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
U.S. Regulators Reject Trump’s ‘Multi-Billion-Dollar Bailout’ for Coal Plants
New Jersey to Rejoin East Coast Carbon Market, Virginia May Be Next
Abortion bans drive off doctors and close clinics, putting other health care at risk