Current:Home > ContactSenate begins final push to expand Social Security benefits for millions of people -Zenith Investment School
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-24 09:35:46
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! (7)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- A fight at a popular California recreational area leaves 1 dead, several injured
- Move over Pepsi. Dr Pepper is coming for you. Sodas are tied for America's 2nd favorites
- Kate Middleton Apologizes for Missing Trooping the Colour Rehearsal Amid Cancer Treatment
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Move over Pepsi. Dr Pepper is coming for you. Sodas are tied for America's 2nd favorites
- Looking to avoid toxic 'forever' chemicals? Here's your best chance of doing so.
- How cricket has exploded in popularity in the U.S.
- Why members of two of EPA's influential science advisory committees were let go
- William Anders, former Apollo 8 astronaut, dies in plane crash
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Figure skating coach Frank Carroll, who coached Michelle Kwan and other Olympians, dies at age 85
- Caitlin Clark heats up with best shooting performance of WNBA career: 'The basket looks bigger'
- Gypsy Rose Blanchard Reveals How She Marks the Anniversary of Her Mom's Death
- In ‘Nickel Boys,’ striving for a new way to see
- Danish Prime Minister Mette Frederiksen says she is saddened and shaken after assault, thanks supporters
- Josh Maravich, son of Basketball Hall of Famer Pete Maravich, dies at 42
- Protect Your Hair & Scalp From the Sun With These Under $50 Dermatologist Recommended Finds
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
For the Slovenian school where Mavericks star Luka Doncic got his start, he’s still a hometown hero
Pat Sajak takes a final spin on Wheel of Fortune, ending a legendary career: An incredible privilege
10 injured in shooting at Wisconsin rooftop party
'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
A 4th person dies of injuries in Minneapolis shooting that also killed an officer
Powerball winning numbers for June 8 drawing: Jackpot now worth $221 million
Derrick White has game-changing blocked shot in Celtics' Game 2 win vs. Mavericks
Like
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- ‘Bad Boys: Ride or Die’ boosts Will Smith’s comeback and the box office with $56 million opening
- In Brazil’s Semi-Arid Region, Small Farmers Work Exhausted Lands, Hoping a New Government Will Revive the War on Desertification