Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -RiskWatch
Senate begins final push to expand Social Security benefits for millions of people
Charles Langston View
Date:2025-04-07 03:52:48
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! (26)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Instagram unveils new teen safety tools ahead of Senate hearing
- 2022 will be a tense year for Facebook and social apps. Here are 4 reasons why
- Jurors to weigh Elizabeth Holmes' fate after a 15-week fraud trial
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Elizabeth Holmes trial: Jury is deadlocked on 3 of 11 fraud charges
- Cyberattack on Red Cross compromised sensitive data on over 515,000 vulnerable people
- Lindsay Lohan's Mean Girls Family Reacting to Her Pregnancy Is So Fetch
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- As Finland builds a fence on Russia's border, what does membership mean to NATO's newest member?
Ranking
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- These $20-And-Under Amazon Sleep Masks Have Thousands Of 5-Star Reviews
- Amy Webb: A Glimpse Into The Future
- TikTok sees a surge of misleading videos that claim to show the invasion of Ukraine
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Kronos hack will likely affect how employers issue paychecks and track hours
- Olivia Jade Shares the Biggest Lesson She Learned After College Admissions Scandal
- Amazon warehouse workers in Alabama vote for second time in union effort
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Nearly $15 million of gold and valuables stolen in heist from Toronto's Pearson Airport
Ulta 24-Hour Flash Sale: Take 50% Off Elizabeth Arden, Dermablend, Nudestix, Belif, Korres, and More
Rachel Bilson's Sex Confession Will Have You Saying a Big O-M-G
Woman dies after Singapore family of 3 gets into accident in Taiwan
TikTok sees a surge of misleading videos that claim to show the invasion of Ukraine
Happy Science Fiction Week, Earthlings!
Caelynn Miller-Keyes Reveals Which Bachelor Nation Stars Are Receiving Invites to Dean Unglert Wedding