Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -MoneyBase
Senate begins final push to expand Social Security benefits for millions of people
NovaQuant View
Date:2025-04-11 07:53:22
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! (48)
Related
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Is There Something Amiss With the Way the EPA Tracks Methane Emissions from Landfills?
- Inside Ben Stiller and Christine Taylor's Private Family Life With Their Kids
- Big Rigged (Classic)
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- When Will Renewables Pass Coal? Sooner Than Anyone Thought
- Covid-19 and Climate Change Will Remain Inextricably Linked, Thanks to the Parallels (and the Denial)
- The Sweet Way Travis Barker Just Addressed Kourtney Kardashian's Pregnancy
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Former Top Chef winner Kristen Kish to replace Padma Lakshmi as host
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Five Things To Know About Fracking in Pennsylvania. Are Voters Listening?
- When Will Renewables Pass Coal? Sooner Than Anyone Thought
- See Behind-the-Scenes Photo of Kourtney Kardashian Working on Pregnancy Announcement for Blink-182 Show
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Marc Anthony and Wife Nadia Ferreira Welcome First Baby Together Just in Time for Father's Day
- Environmental Justice Leaders Look for a Focus on Disproportionately Impacted Communities of Color
- Here's the latest on the NOTAM outage that caused flight delays and cancellations
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Is There Something Amiss With the Way the EPA Tracks Methane Emissions from Landfills?
Maui Has Begun the Process of Managed Retreat. It Wants Big Oil to Pay the Cost of Sea Level Rise.
The Acceleration of an Antarctic Glacier Shows How Global Warming Can Rapidly Break Up Polar Ice and Raise Sea Level
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Inflation cooled in June to slowest pace in more than 2 years
COP26 Presented Forests as a Climate Solution, But May Not Be Able to Keep Them Standing
Gwen Stefani Gives Father's Day Shout-Out to Blake Shelton After Gavin Rossdale Parenting Comments