Current:Home > FinanceSenate 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:2025-04-13 00:26:06
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! (8)
Related
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- 80-year-old man dies trying to drive through flooded North Carolina road
- Michael Madsen requests divorce, restraining order from wife DeAnna following his arrest
- This fund has launched some of the biggest names in fashion. It’s marking 20 years
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Black Mirror Season 7 Cast Revealed
- USC out to prove it's tough enough to succeed in Big Ten with visit to Michigan
- How Each Zodiac Sign Will Be Affected by 2024 Autumnal Equinox on September 22
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- What is world's biggest cat? Get to know the largest cat breed
Ranking
- Skins Game to make return to Thanksgiving week with a modern look
- Video shows missing Louisiana girl found by using thermal imaging drone
- Young students protest against gun violence at Georgia Senate meeting
- NFL Week 3 picks straight up and against spread: Will Ravens beat Cowboys for first win?
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Caitlin Clark, Indiana Fever face Connecticut Sun in first round of 2024 WNBA playoffs
- Kentucky judge shot at courthouse, governor says
- Strong storm flips over RVs in Oklahoma and leaves 1 person dead
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Illinois’ top court says odor of burnt marijuana isn’t enough to search car
Former Bad Boy Rapper Shyne Barrow Says Sean Diddy Combs Destroyed His Life
Detroit Red Wings, Moritz Seider agree to 7-year deal worth $8.55 million per season
See you latte: Starbucks plans to cut 30% of its menu
First rioters to breach a police perimeter during Capitol siege are sentenced to prison terms
When are Walmart Holiday Deals dates this year? Mark your calendars for big saving days.
Giant, flying Joro spiders make creepy arrival in Pennsylvania just in time for Halloween