Current:Home > reviewsSenate begins final push to expand Social Security benefits for millions of people -Secure Horizon Growth
Senate begins final push to expand Social Security benefits for millions of people
Poinbank Exchange View
Date:2025-04-11 10:52:11
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! (36)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Americans with disabilities need an updated long-term care plan, say advocates
- Only Kim Kardashian Could Make Wearing a Graphic Tee and Mom Jeans Look Glam
- 'Sunny Makes Money': India installs a record volume of solar power in 2022
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- A Major Fossil Fuel State Is Joining RGGI, the Northeast’s Carbon Market
- How climate change is raising the cost of food
- Arctic Methane Leaks Go Undetected Because Equipment Can’t Handle the Cold
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Even remote corners of Africa are feeling the costly impacts of war in Ukraine
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- The bear market is finally over. Here's why investors see better days ahead.
- Sia Marries Dan Bernard During Intimate Italian Ceremony: See the Wedding Photos
- Wimbledon will allow women to wear colored undershorts, in nod to period concerns
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Unabomber Ted Kaczynski found dead in prison cell
- What Donald Trump's latest indictment means for him — and for 2024
- This $28 Jumpsuit Has 3,300+ 5-Star Amazon Reviews and It’s Available in Sizes Ranging From Small to 4X
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Dear Life Kit: How do I get out of my pandemic rut? Michelle Obama weighs in
With one dose, new drug may cure sleeping sickness. Could it also wipe it out?
Meadow Walker Honors Late Dad Paul Walker With Fast X Cameo
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Surge in outbreaks tests China's easing of zero-COVID policy
Grubhub driver is accused of stealing customer's kitten
Increased Asthma Attacks Tied to Exposure to Natural Gas Production