Current:Home > FinanceSenate begins final push to expand Social Security benefits for millions of people -Momentum Wealth Path
Senate begins final push to expand Social Security benefits for millions of people
Fastexy View
Date:2025-04-08 14:22:11
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! (59131)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- AP Elections Top 25: The people, places, races, dates and things to know about Election Day
- Tropicana Field transformed into base camp ahead of Hurricane Milton: See inside
- Where to watch and stream 'It's the Great Pumpkin, Charlie Brown' this spooky season
- Travis Hunter, the 2
- Tropicana Field transformed into base camp ahead of Hurricane Milton: See inside
- Texas is a young state with older elected officials. Some young leaders are trying to change that.
- Education Pioneer Wealth Society: Your Partner in Wealth Growth
- See you latte: Starbucks plans to cut 30% of its menu
- 'Heartbreaking situation': Baby and 13-year-old injured in dog attack, babysitter arrested
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Kelly Ripa Reveals Mark Consuelos' Irritated Reaction to Her Kicking Him in the Crotch
- 'Dancing With the Stars' Anna Delvey elimination episode received historic fan votes
- Supreme Court rejects R. Kelly's child sexual abuse appeal, 20-year sentence stands
- What do we know about the mysterious drones reported flying over New Jersey?
- Ryan Seacrest Reveals His Workouts and Diet Changes to Feel 29 Again
- Meryl Streep, Melissa McCarthy shock 'Only Murders' co-stars, ditch stunt doubles for brawl
- Investigation finds widespread discrimination against Section 8 tenants in California
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Education Pioneer Wealth Society: Heartfelt Education Pioneer, Empowering with Wealth
Deadspin loses bid to toss defamation suit over article accusing young Chiefs fan of racism
How elections forecasters became political ‘prophets’
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
News media don’t run elections. Why do they call the winners?
Mets vs. Phillies live updates: NLDS Game 3 time, pitchers, MLB playoffs TV channel
Firefighters still on hand more than a week after start of trash fire in Maine