Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -Dynamic Wealth Solutions
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-19 19:17:14
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! (18)
Related
- The Super Bowl could end in a 'three
- British foreign secretary visits Israel to highlight close ties at precarious time for the country
- Arizona group converting shipping containers from makeshift border wall into homes: 'The need is huge'
- ManningCast 2023 schedule on ESPN: 10 Monday night simulcasts during season
- Nevada attorney general revives 2020 fake electors case
- Drinking water testing ordered at a Minnesota prison after inmates refused to return to their cells
- Disney, Charter settle cable dispute hours before ‘Monday Night Football’ season opener
- Man charged with aiding Whitmer kidnap plot says he should have called police
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Calvin Harris Marries Radio Host Vick Hope in U.K. Wedding
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Up First Briefing: Google on trial; Kim Jong Un in Russia; green comet sighting
- J.M. Smucker to buy Hostess for $5.6 billion
- J.M. Smucker to buy Hostess for $5.6 billion
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Evidence insufficient to charge BTK killer in Oklahoma cold case, prosecutor says
- J.M. Smucker to buy Hostess for $5.6 billion
- Rise in car booting prompts masked women to take matters into their own hands
Recommendation
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Scarfing down your food? Here's how to slow down and eat more mindfully
Japanese companies drop stars of scandal-tainted Johnny’s entertainment company
A new campaign ad from Poland’s ruling party features Germany’s chancellor in unfavorable light
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Julio Urías' locker removed from Dodgers' clubhouse; Dave Roberts says team is moving on
Country singer-songwriter Charlie Robison dies at 59 after suffering cardiac arrest
Boy’s body found after jet ski collision with barge that also killed father