Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Lighthouse Finance Hub
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-17 14:12:45
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! (874)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Top US accident investigator says close calls between planes show that aviation is under stress
- Jelly Roll talks hip-hop's influence on country, 25-year struggle before CMA Award win
- Powerball winning numbers for Nov. 8 drawing: No winners, jackpot rises to $220 million
- New data highlights 'achievement gap' for students in the US
- Yes, That Was Jared Leto Climbing New York's Empire State Building
- Top US accident investigator says close calls between planes show that aviation is under stress
- As Hollywood scrambles to get back to work, stars and politicians alike react to strike ending
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- What happens when a hit man misses his mark? 'The Killer' is about to find out
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- CMAs awards Lainey Wilson top honors, Jelly Roll sees success, plus 3 other unforgettable moments
- Lainey Wilson wins big at CMA Awards
- Nashville officers on 'administrative assignment' after Covenant shooter's writings leak
- A South Texas lawmaker’s 15
- Nashville officers on 'administrative assignment' after Covenant shooter's writings leak
- Authorities seek killer after 1987 murder victim identified in multi-state cold case mystery
- College student hit by stray bullet dies. Suspect was released earlier for intellectual disability
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Putin visits Kazakhstan, part of his efforts to cement ties with ex-Soviet neighbors
Jimmy Buffett honored with tribute performance at CMAs by Kenny Chesney, Alan Jackson, more
What is Diwali, the Festival of Lights, and how is it celebrated in India and the diaspora?
Senate begins final push to expand Social Security benefits for millions of people
A Russian missile hits a Liberia-flagged ship in Odesa, Ukraine’s main Black Sea port
Actors strike ends: SAG-AFTRA leadership OKs tentative deal with major Hollywood studios
Sharks might be ferocious predators, but they're no match for warming oceans, studies say