Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -Wealth Navigators Hub
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-24 13:56:05
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! (382)
Related
- Stamford Road collision sends motorcyclist flying; driver arrested
- West Virginia Senate passes bill that would remove marital exemption for sexual abuse
- Full transcript of Face the Nation, Feb. 25, 2024
- Wendy Williams' Son Kevin Hunter Jr. Shares Her Dementia Diagnosis Is Alcohol-Induced
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Police ID suspects in killing of man on Bronx subway car as transit officials discuss rising crime
- Air Force member in critical condition after setting himself on fire outside Israeli embassy in Washington
- What time do Michigan polls open and close for the 2024 primary? Key voting hours to know
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Are robocalls ruining your day? Steps to block spam calls on your smartphone
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Why Martha Stewart Says She Doesn't Wear Underwear
- U.S. Army restores honor to Black soldiers hanged in Jim Crow-era South
- West Virginia Senate passes bill that would remove marital exemption for sexual abuse
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- How Keke Palmer and Ex Darius Jackson Celebrated Son Leo on His First Birthday
- Americans are spending the biggest share of their income on food in 3 decades
- West Virginia Senate passes bill that would remove marital exemption for sexual abuse
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Legendary shipwreck's treasure of incalculable value will be recovered by underwater robot, Colombia says
US sues to block merger of grocery giants Kroger and Albertsons, saying it could push prices higher
What MLB spring training games are today? Full schedule Monday and how to watch
Senate begins final push to expand Social Security benefits for millions of people
Peter Anthony Morgan, lead singer of reggae band Morgan Heritage, dies at age 46
Why Martha Stewart Says She Doesn't Wear Underwear
Death row inmate Thomas Eugene Creech set for execution this week after nearly 50 years behind bars