Current:Home > StocksSenate begins final push to expand Social Security benefits for millions of people -AssetLink
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 11:30:44
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! (95)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Antonio Pierce handed eight-year show cause for Arizona State recruiting violations
- 'Nothing like this': National Guard rushes supplies to towns cut off by Helene
- Aerial footage shows Asheville, North Carolina before and after Helene's devastation
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Marshawn Lynch is 'College GameDay' guest picker for Cal-Miami: Social media reacts
- Olympian Suni Lee Calls Out MyKayla Skinner's Put Down to Gymnastics Team
- Lizzo Strips Down to Bodysuit in New Video After Unveiling Transformation
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- No, That Wasn't Jack Nicholson at Paris Fashion Week—It Was Drag Queen Alexis Stone
Ranking
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- No, That Wasn't Jack Nicholson at Paris Fashion Week—It Was Drag Queen Alexis Stone
- Greening of Antarctica is Another Sign of Significant Climate Shift on the Frozen Continent
- On the road: Plenty of NBA teams mixing the grind of training camp with resort life
- The Best Stocking Stuffers Under $25
- Secret Lives of Mormon Wives’ Whitney Leavitt Addresses Rumors About Her Husband’s Sexuality
- Blake Shelton Shares Unseen Photos of “Favorite Girl” Gwen Stefani on Her Birthday
- Judge refuses to dismiss Alabama lawsuit over solar panel fees
Recommendation
Current, future North Carolina governor’s challenge of power
Who killed Cody Johnson? Parents demand answers in shooting of teen on Texas highway
Amazon hiring 250,000 seasonal workers before holiday season: What to know about roles, pay
Alleged Kim Porter memoir pulled from Amazon after children slam book
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
College sports ‘fraternity’ jumping in to help athletes from schools impacted by Hurricane Helene
'Nation has your back,' President Biden says to Hurricane Helene victims | The Excerpt
Hurricane Helene Raises Questions About Raising Animals in Increasingly Vulnerable Places