Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -ProfitPoint
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 09:10:39
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! (3)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- MLB playoffs averaging 3.33 million viewers through division series, an 18% increase over last year
- The return of 'Panda diplomacy': National Zoo eagerly awaits giant panda arrival
- T.I. Announces Retirement From Performing
- What do we know about the mysterious drones reported flying over New Jersey?
- Adam Levine Crashes Wife Behati Prinsloo’s Workout Ahead of Victoria’s Secret Fashion Show
- New lawsuits accuse Sean ‘Diddy’ Combs of sexual assault against 6 people, including a minor
- Atlanta to host Super Bowl 62 in 2028, its fourth time hosting the event
- Louvre will undergo expansion and restoration project, Macron says
- Former Indiana sheriff gets 12 years for spending funds on travel and gifts
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Food Network Host Tituss Burgess Shares the $7 Sauce He Practically Showers With
- Pink Shares Why Daughter Willow, 13, Being a Theater Kid Is the “Ultimate Dream”
- 11 family members fall ill after consuming toxic mushrooms in Pennsylvania, authorities say
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Taylor Swift and Travis Kelce's Date Night at Yankees-Cleveland MLB Game Is a Home Run
- Fantasy football Week 7: Trade value chart and rest of season rankings
- Dolphins quarterback Tua Tagovailoa expected to play again this season
Recommendation
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Monsters' Cooper Koch Reveals NSFW Details About Show's Nude Shower Scene
Surprise! Priscilla Presley joins Riley Keough to talk Lisa Marie at Graceland
Aaron Rodgers-Damar Hamlin jersey swap: Jets QB lauds Bills DB as 'inspiration'
Arkansas State Police probe death of woman found after officer
Social Security will pay its largest checks ever in 2025. Here's how much they'll be
Europa Clipper has launched: Spacecraft traveling to Jupiter's icy moon to look for signs of life
Jinger Duggar Is Pregnant, Expecting Baby No. 3 with Husband Jeremy Vuolo