Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -CapitalTrack
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 14:48:12
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! (1)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Jon Landau, Titanic and Avatar producer, dies at 63
- FACT FOCUS: Online reports falsely claim Biden suffered a ‘medical emergency’ on Air Force One
- Klay Thompson posts heartfelt message to Bay Area, thanks Warriors
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Tank and the Bangas to pay tribute to their New Orleans roots at Essence Festival
- Forest fire has burned 4,000 acres in New Jersey but is now 60 percent contained, officials say
- Small plane with 3 on board makes emergency landing on Nevada highway. No one is hurt
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Judy Belushi Pisano, widow of 'SNL' icon John Belushi, dies at 73
Ranking
- This was the average Social Security benefit in 2004, and here's what it is now
- Jane Lynch Reflects on “Big Hole” Left in Glee Family After Cory Monteith and Naya Rivera's Deaths
- Costco to pay $2M in class action settlement over flushable wipes: Here's what to know
- Man charged after giving a child fireworks that set 2 homes on fire, police say
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- 'Wheel of Fortune' fans are divided over preview of new season without Pat Sajak
- Romanian court says social media influencer Andrew Tate can leave country, but must stay in E.U.
- Caitlin Clark notches WNBA's first ever rookie triple-double as Fever beat Liberty
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Survival story as Hurricane Beryl razes smallest inhabited island of St. Vincent and the Grenadines
DeMar DeRozan joining Sacramento Kings in trade with Bulls, Spurs, per report
4 killed in shooting at Kentucky home; suspect died after vehicle chase, police say
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
WWE Money in the Bank 2024 results: Winners, highlights, analysis
Boeing accepts a plea deal to avoid a criminal trial over 737 Max crashes, Justice Department says
Of the 63 national parks, these had the most fatalities since 2007.