Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -MacroWatch
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 07:02:28
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! (2)
Related
- $73.5M beach replenishment project starts in January at Jersey Shore
- California’s Landmark Clean Car Mandate: How It Works and What It Means
- Julian Sands' cause of death ruled 'undetermined' one month after remains were found
- Q&A: Black scientist Antentor Hinton Jr. talks role of Juneteenth in STEM, need for diversity in field
- Trump wants to turn the clock on daylight saving time
- 'You forget to eat': How Ozempic went from diabetes medicine to blockbuster diet drug
- Alana Honey Boo Boo Thompson Graduates From High School and Mama June Couldn't Be Prouder
- Vitamix 24-Hour Deal: Save 46% On a Blender That Functions as a 13-In-1 Machine
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Transcript: Sen. Richard Blumenthal on Face the Nation, June 18, 2023
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- West Virginia's COVID vaccine lottery under scrutiny over cost of prizes, tax issues
- Documents in abortion pill lawsuit raise questions about ex-husband's claims
- Medicare tests a solution to soaring hospice costs: Let private insurers run it
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Global Warming Is Pushing Pacific Salmon to the Brink, Federal Scientists Warn
- Clinics offering abortions face a rise in threats, violence and legal battles
- Medication abortion is still possible with just one drug. Here's how it works
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
'Therapy speak' is everywhere, but it may make us less empathetic
Why do some people get UTIs over and over? A new report holds clues
U.S. appeals court preserves partial access to abortion pill, but with tighter rules
B.A. Parker is learning the banjo
California restaurant used fake priest to get workers to confess sins, feds say
Submarine on expedition to Titanic wreckage missing with 5 aboard; search and rescue operation underway
Pope Francis will be discharged from the hospital on Saturday