Current:Home > ContactSenate 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
Rekubit View
Date:2025-04-06 17:57:53
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! (28122)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- She was declared dead, but the funeral home found her breathing
- Which type of eye doctor do you need? Optometrists and ophthalmologists face off
- Meghan Markle Is Glittering in Gold During Red Carpet Date Night With Prince Harry After Coronation
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Kid YouTube stars make sugary junk food look good — to millions of young viewers
- Japan’s Post-Quake Solar Power Dream Alluring for Investors
- Hispanic dialysis patients are more at risk for staph infections, the CDC says
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- All 5 meerkats at Philadelphia Zoo died within days; officials suspect accidental poisoning
Ranking
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Woman, 8 months pregnant, fatally shot in car at Seattle intersection
- Get $640 Worth of Skincare for Just $60: Peter Thomas Roth, Sunday Riley, EltaMD, Tula, Elemis, and More
- San Diego, Calif’s No. 1 ‘Solar City,’ Pushes Into Wind Power
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Billie Eilish and Boyfriend Jesse Rutherford Break Up After Less Than a Year Together
- Amid Boom, U.S. Solar Industry Fears End of Government Incentives
- Fixing the health care worker shortage may be something Congress can agree on
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Kid YouTube stars make sugary junk food look good — to millions of young viewers
Khloe Kardashian Slams Exhausting Narrative About Her and Tristan Thompson's Relationship Status
Kentucky high court upholds state abortion bans while case continues
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
And Just Like That... Season 2 Has a Premiere Date
Woman, 8 months pregnant, fatally shot in car at Seattle intersection
Global Shipping Inches Forward on Heavy Fuel Oil Ban in Arctic