Current:Home > NewsSenate begins final push to expand Social Security benefits for millions of people -FundConnect
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 05:05:55
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! (92633)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Takeaways: Harris’ approach to migration was more nuanced than critics or allies portray it
- Zoë Kravitz Reveals Her and Channing Tatum's Love Language
- DNA investigation links California serial killer to 1986 killing of young woman near Los Angeles
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Snickers maker Mars to buy Kellanova, company known for Pringles, Eggos, in $36B deal
- Agents seize nearly 3,000 pounds of meth hidden in celery at Georgia farmers market
- Utility will pay $20 million to avoid prosecution in Ohio bribery scheme
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- That news article on Google? Its headline may have been written by a political campaign
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Ernesto intensifies into Category 1 hurricane north of Puerto Rico
- Vitamin K2 is essential to your health. But taking supplements isn't always safe, experts say.
- DNA investigation links California serial killer to 1986 killing of young woman near Los Angeles
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Watch this girl's tearful reaction to a delightful double surprise
- US agency tasked with border security to pay $45 million over pregnancy discrimination, lawyers say
- Trial begins in case of white woman who fatally shot Black neighbor during dispute
Recommendation
The Daily Money: Spending more on holiday travel?
In Nebraska special session on taxes, some ideas to raise millions in revenue get little attention
Ernesto intensifies into Category 1 hurricane north of Puerto Rico
In Nebraska special session on taxes, some ideas to raise millions in revenue get little attention
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
Developers of stalled Minnesota copper-nickel mine plan studies that may lead to significant changes
Death Valley’s scorching heat kills second man this summer
AllBirds' New Everyday Sneaker Is Comfortable Right Out of the Box & I'm Obsessed