Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -AssetPath
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-26 08:44:01
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! (8981)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Washington, Virginia Tech lead biggest snubs in the college football preseason coaches poll
- A college closes every week. How to know if yours is in danger of shutting down.
- Why Team USA hurdler Freddie Crittenden jogged through a preliminary heat at the Olympics
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Team pursuit next for US cyclist Kristen Faulkner: 'Want to walk away with two medals'
- Ben Affleck Debuts Hair Transformation Amid Jennifer Lopez Breakup Rumors
- Olympic track highlights: Noah Lyles is World's Fastest Man in 100 meters photo finish
- Stamford Road collision sends motorcyclist flying; driver arrested
- USA breaks world record, wins swimming Olympic gold in women's medley relay
Ranking
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Louisiana mayor who recently resigned now faces child sex crime charges
- Sara Hughes, Kelly Cheng keep beach volleyball medal hopes alive in three-set thriller
- Recreational marijuana sales in Ohio can start Tuesday at nearly 100 locations
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Japan’s Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy
- PHOTO COLLECTION: AP Top Photos of the Day Monday Aug. 5, 2024
- Hurricane Debby to bring heavy rains and catastropic flooding to Florida, Georgia and S. Carolina
Recommendation
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Olympics men's basketball quarterfinals set: USA faces Brazil, France plays Canada
Simone Biles ran afoul of salute etiquette. She made sure it didn’t happen on floor
For Canada, anything short of men's basketball medal will a disappointment
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Whodunit? (Freestyle)
Japan’s Nikkei 225 index plunges 12.4% as world markets tremble over risks to the US economy
Michigan toddler recovering after shooting himself at babysitter’s house, police say