Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -Wealth Empowerment Academy
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-24 23:40:39
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! (38787)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Second person dies from shooting at Detroit Lions tailgate party
- Michigan cannot fire coach Sherrone Moore for cause for known NCAA violations in sign-stealing case
- On jury duty, David Letterman auditioned for a role he’s never gotten
- Skins Game to make return to Thanksgiving week with a modern look
- A Southern California man pleads not guilty to setting a fire that exploded into a massive wildfire
- Delaware judge sets parameters for trial in Smartmatic defamation lawsuit against Newsmax
- Olympic Gymnast Jordan Chiles Files Appeal Over Bronze Medal Ruling
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- US Coast Guard says Russian naval vessels crossed into buffer zone off Alaska
Ranking
- Charges: D'Vontaye Mitchell died after being held down for about 9 minutes
- With Wyoming’s Regional Haze Plan ‘Partially Rejected,’ Conservationists Await Agency’s Final Proposal
- Target Circle Week is coming in October: Get a preview of holiday shopping deals, discounts
- Trump rolls out his family's new cryptocurrency business
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- If WNBA playoffs started now, who would Caitlin Clark and Fever face?
- Delaware judge sets parameters for trial in Smartmatic defamation lawsuit against Newsmax
- Footage for Simone Biles' Netflix doc could be smoking gun in Jordan Chiles' medal appeal
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Boar's Head listeria outbreak timeline: When it started, deaths, lawsuits, factory closure
Tommy Cash, country singer and younger brother of Johnny Cash, dies at 84
Northern lights forecast: These Midwest states may catch Monday's light show
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Ulta & Sephora Flash Sales: Get KVD Beauty Eyeliner for $7.50, 50% Off Peter Thomas Roth & More Deals
Review: 'High Potential' could be your next 'Castle'-like obsession
Ex-North Carolina sheriff’s convictions over falsifying training records overturned