Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -Aspire Capital Guides
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 00:30:25
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! (45)
Related
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Spotify Wrapped is here: How to view your top songs, artists and podcasts of the year
- Pope Francis says he's 'not well' amid public audience after canceling Dubai trip
- What to know about Joe West, who is on Baseball Hall of Fame’s Contemporary Era ballot
- New data highlights 'achievement gap' for students in the US
- Jill Biden is bringing a holiday ice rink to the White House for children to skate and play hockey
- Consumer Reports pummels EV reliability, says hybrids have significantly fewer problems
- Winter Olympics set to return to Salt Lake City in 2034 as IOC enters talks
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- North Dakota State extends new scholarship brought amid worries about Minnesota tuition program
Ranking
- A South Texas lawmaker’s 15
- Indiana judge dismisses state’s lawsuit against TikTok that alleged child safety, privacy concerns
- Kraft introduces new mac and cheese option without the cheese
- Indiana judge dismisses state’s lawsuit against TikTok that alleged child safety, privacy concerns
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Deutsche Bank was keen to land a ‘whale’ of a client in Trump, documents at his fraud trial show
- Families of Palestinian students shot in Vermont say attack was targeted: 'Unfathomable'
- FC Cincinnati's Matt Miazga suspended by MLS for three games for referee confrontation
Recommendation
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Five things to know about Henry Kissinger, a dominant figure in global affairs in the 1970s
As mystery respiratory illness spreads in dogs, is it safe to board your pet this holiday season?
Iconic Christmas tree at Rockefeller Center to be illuminated
2025 'Doomsday Clock': This is how close we are to self
Eiffel Tower came to LA to hype 2024 Paris Olympics. Here's how
Agency urges EBT cardholders to change PINs after skimming devices were found statewide
Autoworkers strike cut Ford sales by 100,000 vehicles and cost company $1.7 billion in profits