Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -Aspire Money Growth
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 02:08:51
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! (9546)
Related
- The Daily Money: Spending more on holiday travel?
- You Are So Not Invited to My Bat Mitzvah Director Defends Adam Sandler's IRL Kids Starring in Film
- Delaware judge orders status report on felony gun charge against Hunter Biden
- Judge says Kansas shouldn’t keep changing trans people’s birth certificates due to new state law
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Weeks after the fire, the response in Maui shifts from a sprint to a marathon
- Oprah Winfrey and Dwayne Johnson start Maui wildfires relief fund with $10M donation
- Justice Clarence Thomas reports he took 3 trips on Republican donor’s plane last year
- Why members of two of EPA's influential science advisory committees were let go
- USA TODAY Sports staff makes college football picks: Check out the predictions for 2023
Ranking
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- ACC clears way to add Stanford, Cal, SMU, AP sources say, providing escape for 2 Pac-12 schools
- Kaitlyn Bristowe Shares Update on Her Journey to Motherhood 6 Years After Freezing Her Eggs
- Utah Influencer Ruby Franke Arrested on Child Abuse Charges
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- A million readers, two shoe companies and Shaq: How teen finally got shoes for size 23 feet
- The Ultimatum’s Lisa Apologizes to Riah After “Hooters Bitch” Comment
- Travis Barker Returns Home From Blink-182 Tour for Urgent Family Matter
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
'This is not right': Young teacher killed by falling utility pole leads to calls for reform
Mississippi candidate for attorney general says the state isn’t doing enough to protect workers
Below Deck Mediterranean Goes Overboard With the Drama in Shocking Season 8 Trailer
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Biden wants an extra $4 billion for disaster relief, bringing total request to $16 billion
'This is not right': Young teacher killed by falling utility pole leads to calls for reform
Rule allowing rail shipments of LNG will be put on hold to allow more study of safety concerns