Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -WealthFocus Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-12 06:11:30
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! (4)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- NBA referee Eric Lewis retires amidst league's investigation into social media account
- PGA Tour golfer Gary Woodland set to have brain surgery to remove lesion
- Texas judge rules as unconstitutional a law that erodes city regulations in favor of state control
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Death of woman following attacks on North Carolina power stations ruled a homicide
- An Air Force crew captured video of rare St. Elmo's fire when they evacuated ahead of Idalia. What is this phenomenon?
- Body of 12-year-old boy with gunshot wound found in Philadelphia dumpster
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Watch military mom surprise daughter at school lunch table after 6 months apart
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- What's the connection between climate change and hurricanes?
- Crypto scammers conned a man out of $25,000. Here's how you can avoid investment scams.
- Man who fatally shot South Carolina college student entering wrong home was justified, police say
- Skins Game to make return to Thanksgiving week with a modern look
- 2 men, 4 children hospitalized after Illinois shooting
- Hurricane Idalia's aftermath: South Carolina faces life-threatening flood risks
- Forecasters warn of increased fire risk in Hawaii amid gusty winds, low humidity
Recommendation
Trump issues order to ban transgender troops from serving openly in the military
West Point time capsule that appeared to contain nothing more than silt yields centuries-old coins
Ousting of Gabon’s unpopular leader was a ‘smokescreen’ for soldiers to seize power, analysts say
Pennsylvania men charged with trafficking homemade ‘ghost guns,’ silencers
Travis Hunter, the 2
Milwaukee man charged for allegedly striking and injuring police officer with vehicle during arrest
'AGT': Howie Mandel, Terry Crews' Golden Buzzer acts face off in Top 2 finale showdown
Why Deion Sanders' Colorado Buffaloes team could surprise the nation (or not)