Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -MacroWatch
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-13 21:21:32
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! (886)
Related
- Rylee Arnold Shares a Long
- Will Taylor Fritz vs. Frances Tiafoe finally yield Andy Roddick successor at Grand Slam?
- Karen Read speaks out in rare interview with ABC's 20/20: When and where to watch
- Redefine Maternity Style With the Trendy and Comfortable Momcozy Belly Band
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Saying goodbye to 'Power Book II': How it went from spinoff to 'legendary' status
- How different are Deion Sanders, Matt Rhule with building teams? Count the ways.
- How different are Deion Sanders, Matt Rhule with building teams? Count the ways.
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Why Dennis Quaid Has No Regrets About His Marriage to Meg Ryan
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Horoscopes Today, September 6, 2024
- Man charged with homicide in killing of gymnastics champion Kara Welsh
- Taylor Swift and Travis Kelce's Kiss After Chiefs NFL Win Is Flawless, Really Something
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Winners and losers of Chiefs' wild season-opening victory over Ravens
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Green Peas
- Court puts Ohio House speaker back in control of GOP purse strings
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Judge gives US regulators until December to propose penalties for Google’s illegal search monopoly
1 of 2 missing victims of Labor Day boat crash found dead in Connecticut
Students, here are top savings hacks as you head back to campus
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Apple juice sold at Walmart, Aldi, Walgreens, BJ's, more recalled over arsenic levels
Workers take their quest to ban smoking in Atlantic City casinos to a higher court
1 of 2 missing victims of Labor Day boat crash found dead in Connecticut