Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -Keystone Wealth Vision
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-16 04:32:00
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! (9)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Incredible dolphin with 'thumbs' spotted by scientists in Gulf of Corinth
- Dwayne Johnson to star in Mark Kerr biopic from 'Uncut Gems' director Benny Safdie
- How Shohei Ohtani can opt out of his $700 million contract with Los Angeles Dodgers
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Female soccer fans in Iran allowed into Tehran stadium for men’s game. FIFA head praises progress
- Why '90s ads are unforgettable
- Germany and Turkey agree to train imams who serve Germany’s Turkish immigrant community in Germany
- Current, future North Carolina governor’s challenge of power
- Florida teachers file federal suit against anti-pronoun law in schools
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Federal prosecutors to retry ex-Louisville police officer in Breonna Taylor civil rights case
- 2023 was a great year for moviegoing — here are 10 of Justin Chang's favorites
- Carbon monoxide leak suspected of killing Washington state college student
- What do we know about the mysterious drones reported flying over New Jersey?
- Horoscopes Today, December 14, 2023
- Kyiv protesters demand more spending on the Ukraine’s war effort and less on local projects
- Why Emma Watson Is Glad She Stepped Away From Acting
Recommendation
A White House order claims to end 'censorship.' What does that mean?
Stock market today: Asian shares are mostly higher after the Dow hits a record high, US dollar falls
In 'Asgard's Wrath 2,' VR gaming reaches a new God mode
Pennsylvania house legislators vote to make 2023 the Taylor Swift era
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Naval officer jailed in Japan in deadly crash is transferred to US custody, his family says
US Marine killed, 14 injured at Camp Pendleton after amphibious vehicle rolls over
U.S. Coast Guard and cruise line save 12 passengers after boat sinks near Dominican Republic