Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Prosperity Pathways
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 16:38:06
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! (679)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Europe offers clues for solving America’s maternal mortality crisis
- Archaeologists in Virginia unearth colonial-era garden with clues about its enslaved gardeners
- What’s for breakfast? At Chicago hotel hosting DNC event, there may have been mealworms
- Meta donates $1 million to Trump’s inauguration fund
- College students are going viral on TikTok for luxury dorm room makeovers. You won't believe it.
- Here’s the schedule for the DNC’s fourth and final night leading up to Harris’ acceptance speech
- 5-year-old Utah boy dies from accidental, self-inflicted gunshot wound
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- MIT class of 2028 to have fewer Black, Latino students after affirmative action ruling
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Asa Hutchinson to join University of Arkansas law school faculty next year
- Raise Your Glass to Pink and Daughter Willow's Adorable Twinning Moment While Performing Together
- Former Army financial counselor gets over 12 years for defrauding Gold Star families
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- After DNC speech, Stephanie Grisham hits back at weight-shaming comment: 'I've hit menopause'
- Archaeologists in Virginia unearth colonial-era garden with clues about its enslaved gardeners
- Los Angeles Dodgers designate outfielder Jason Heyward for assignment
Recommendation
'We're reborn!' Gazans express joy at returning home to north
The biggest diamond in over a century is found in Botswana — a whopping 2,492 carats
Colts QB Anthony Richardson throws touchdown, interception in preseason game vs. Bengals
Dad admits leaving his 3 kids alone at Cedar Point while he rode roller coasters: Police
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Daniela Larreal Chirinos, 5-time Olympic cyclist for Venezuela, dies in Las Vegas at 51
Julianne Hough Addresses Viral “Energy Work Session” and the NSFW Responses
At DNC, Gabrielle Giffords joins survivors of gun violence and families of those killed in shootings