Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Streamline Finance
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-11 19:04:02
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! (6248)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Heat wave sizzles parts of the country as floods and severe weather force people from their homes
- Francesca Scorsese, Martin's daughter, charts own film journey with 'Fish Out of Water'
- 105-year-old Washington woman gets master's 8 decades after WWII interrupted degree
- North Carolina justices rule for restaurants in COVID
- 'We'll bring in the CIA': Coaches discuss disallowed Stanley Cup Finals Game 6 goal
- NASCAR race recap: Christopher Bell wins USA TODAY 301 New Hampshire after rain delay
- Florida rapper Foolio killed in shooting during birthday celebration
- Retirement planning: 3 crucial moves everyone should make before 2025
- Rockies defeat Nationals with MLB's first walk-off pitch clock violation
Ranking
- Connie Chiume, South African 'Black Panther' actress, dies at 72
- Horoscopes Today, June 23, 2024
- Princess Anne Hospitalized With Concussion After Incident at Her Estate
- Rockies defeat Nationals with MLB's first walk-off pitch clock violation
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- My Favorite SKIMS Drops This Month: Curve-Enhancing Leggings, Plunge Bras for Natural Cleavage & More
- US Olympic track and field trials highlights: Noah Lyles wins 100, Christian Coleman misses out
- California man missing for more than a week found alive in remote canyon
Recommendation
The 'Rebel Ridge' trailer is here: Get an exclusive first look at Netflix movie
Rain or shine, Christopher Bell shows mettle in winning USA TODAY 301 NASCAR race
Florida rapper Foolio killed in shooting during birthday celebration
Senate in Massachusetts passes bill curtailing use of plastics including bags, straws
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Bitter melon supplements are becoming more popular, but read this before you take them
Stanley Cup Final Game 7 Panthers vs. Oilers: Predictions, odds, how to watch
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, All Over the Place