Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Infinite Wealth Strategies
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 01:14:16
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! (4)
Related
- Former Syrian official arrested in California who oversaw prison charged with torture
- Oakland baseball will not die! City announces expansion team in Pioneer Baseball League
- ‘Past Lives,’ Lily Gladstone win at Gotham Awards, while Robert De Niro says his speech was edited
- As Dubai prepares for COP28, some world leaders signal they won’t attend climate talks
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- North Korea restores border guard posts as tensions rise over its satellite launch, Seoul says
- Tribal police officer arrested in connection to a hit-and-run accident in Arizona
- NFL Commissioner Roger Goodell opens up about league's growing popularity, Taylor Swift's impact
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Beware, NFL coaches: Panthers' job vacancy deserves a major warning label
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- See Morgan Wade Make Her RHOBH Debut After Being Stalked by Kyle Richards
- Abigail Mor Edan, the 4-year-old American held hostage by Hamas, is now free. Here's what to know.
- Authorities face calls to declare a hate crime in Vermont shooting of 3 men of Palestinian descent
- Trump invites nearly all federal workers to quit now, get paid through September
- Honda, Jeep, and Volvo among 337,000 vehicles recalled: Check car recalls here
- Germany is having a budget crisis. With the economy struggling, it’s not the best time
- NFL Commissioner Roger Goodell opens up about league's growing popularity, Taylor Swift's impact
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Philippine government and communist rebels agree to resume talks to end a deadly protracted conflict
Jada Pinkett Smith Confirms Future of Her and Will Smith's Marriage After Separation Revelation
Plains, Georgia remembers former first lady Rosalynn Carter: The 'Steel Magnolia'
South Korean president's party divided over defiant martial law speech
Security guard fatally shot at New Hampshire hospital remembered for dedication to community, family
Ohio State slips out of top five in the latest NCAA Re-Rank 1-133
Who could be a fit for Carolina Panthers head coaching job? Here are 10 candidates to know