Current:Home > InvestSenate begins final push to expand Social Security benefits for millions of people -Lighthouse Finance Hub
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-11 12:53:08
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! (82111)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- 'Society of the Snow': How to watch Netflix's survival film about doomed Flight 571
- Deputy defense secretary not told of Lloyd Austin hospitalization when she assumed his duties, officials confirm
- Former Gambian interior minister on trial in Switzerland over alleged crimes against humanity
- Olympic disqualification of gold medal hopeful exposes 'dark side' of women's wrestling
- Margot Robbie Is Literally Barbie With Hot Pink Look at the 2024 Golden Globes
- Live updates | Fighting near central Gaza hospital prompts medics, patients and others to flee south
- Margot Robbie Shares How Her Girlfriends Feel About Her Onscreen Kisses With Hollywood's Hottest Men
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Lebanon airport screens display anti-Hezbollah message after being hacked
Ranking
- Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
- 'Oppenheimer' dominates Golden Globes as 'Poor Things' upsets 'Barbie' in comedy
- Arizona faces a $1 billion deficit as the state Legislature opens the 2024 session
- Thousands forced from homes by quake face stress and exhaustion as Japan mourns at least 161 deaths
- Bodycam footage shows high
- Rams' Puka Nacua caps sensational rookie season with pair of receiving records
- See Meryl Streep and Emily Blunt's Groundbreaking Devil Wears Prada Reunion at Golden Globes 2024
- Josh Allen rallies Bills for 21-14 win over Dolphins. Buffalo secures No. 2 seed in AFC
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Stabbing leaves 1 dead at New York City migrant shelter; 2nd resident charged with murder
California law banning guns in most public places again halted by appeals court
Golden Globes proves to be a mini 'Succession' reunion as stars take home trophies
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
'Prison Confessions of Gypsy-Rose Blanchard': Bombshells from Lifetime's new docuseries
New video shows Republican congressman scolding Jan. 6 rioters through barricaded House Chamber
Arizona faces a $1 billion deficit as the state Legislature opens the 2024 session