Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -GlobalInvest
Senate begins final push to expand Social Security benefits for millions of people
Indexbit Exchange View
Date:2025-04-06 19:13:43
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! (28)
Related
- Could your smelly farts help science?
- U.S. and China announce surprise climate agreement at COP26 summit
- Surprise! The Bachelor's Madison Prewett Just Added More Styles to Her Clothing Collaboration
- A biodiesel boom (and conundrum)
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- This Glimpse of Behati Prinsloo and Adam Levine's New Baby Will Be Loved
- What losing Build Back Better means for climate change
- Here's what world leaders agreed to — and what they didn't — at the U.N. climate summit
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Spanish Actress Ana Obregón Welcomes Late Son's Baby Via Surrogate
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- 10 Underrated Beauty Brands We're Tempted to Gatekeep
- India pledges net-zero emissions by 2070 — but also wants to expand coal mining
- Seville becomes the first major city in the world to categorize and name heat waves
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Shakira Asks for Privacy for Her and Gerard Piqué's Sons After Difficult Year
- These Portuguese kids are suing 33 European countries to force them to cut emissions
- Taylor Swift Wears Bejeweled Symbol of Rebirth in First Outing Since Joe Alwyn Breakup
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Kevin Spacey sexual assault trial: 5 key things to come out of the U.K. court as Elton John testifies
The Arctic has a new record high temperature, according to the U.N.
Heavy rains bring flooding and mudslides to the Pacific Northwest and Canada
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
A biodiesel boom (and conundrum)
Mark Zuckerberg's first tweet in over a decade is playful jab at Elon Musk's Twitter
Veteran anti-consumerist crusader Reverend Billy takes aim at climate change