Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -Edge Finance Strategies
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-19 02:09:32
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! (64)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Here are the average Social Security benefits at retirement ages 62, 67, and 70
- Sinaloa drug kingpin sentenced to 28 years for trafficking narcotics to Alaska
- Nikki Garcia Ditches Wedding Ring in First Outing Since Artem Chigvintsev's Domestic Violence Arrest
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Here are the average Social Security benefits at retirement ages 62, 67, and 70
- Mexico offers escorted rides north from southern Mexico for migrants with US asylum appointments
- 1 dead, 2 hospitalized after fights lead to shooting in Clairton, Pennsylvania: Police
- Trump's 'stop
- Georgia vs. Clemson highlights: Catch up on all the big moments from the Bulldogs' rout
Ranking
- Bodycam footage shows high
- Trump issues statement from Gold Star families defending Arlington Cemetery visit and ripping Harris
- RFK Jr. sues North Carolina elections board as he seeks to remove his name from ballot
- 4 men fatally shot in Albuquerque; 1 person in custody
- 2 killed, 3 injured in shooting at makeshift club in Houston
- How Brooke Shields, Gwyneth Paltrow and More Stars Are Handling Dropping Their Kids Off at College
- New York Fashion Week 2024: A guide to the schedule, dates, more
- Scottie Scheffler career earnings: FedEx Cup winner banks massive payout
Recommendation
Could your smelly farts help science?
Angelina Jolie takes opera role in 'Maria' after an ex was 'not kind to' her about her singing
NASA sets return date for empty Starliner spacecraft, crew will remain in space until 2025
California lawmakers pass ambitious bills to atone for legacy of racism against Black residents
The company planning a successor to Concorde makes its first supersonic test
American men making impact at US Open after Frances Tiafoe, Taylor Fritz advance
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Open Call
Sephora Flash Sale: 50% Off 24-Hour Lancome Foundation, Viral Clinique Black Honey Lipstick & More