Current:Home > ScamsSenate 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
SafeX Pro Exchange View
Date:2025-04-09 16:22:32
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! (933)
Related
- Trump's 'stop
- You Won’t Believe These Designer Michael Kors Bags Are on Sale Starting at $29 and Under $100
- Scott Servais' firing shows how desperate the Seattle Mariners are for a turnaround
- Patrick Mahomes' Pregnant Wife Brittany Mahomes Claps Back at Haters in Cryptic Post
- Highlights from Trump’s interview with Time magazine
- American Hockey League mandates neck guards to prevent cuts from skate blades
- Kourtney Kardashian Twins With Baby Rocky Barker in Matchy Matchy Outfits
- Prosecutor says ex-sheriff’s deputy charged with manslaughter in shooting of an airman at his home
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Trump-backed Alaska Republican withdraws from US House race after third-place finish in primary
Ranking
- Highlights from Trump’s interview with Time magazine
- Expert defends security guards in death of man at Detroit-area mall a decade ago
- Divers find body of Mike Lynch's daughter Hannah, 18, missing after superyacht sank
- Where is College GameDay this week? Location, what to know for ESPN show on Week 0
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Takeaways from AP’s report on federal policies shielding information about potential dam failures
- Takeaways from Fed Chair Powell’s speech at Jackson Hole
- Will Messi play before end of MLS season? Inter Miami star's injury update
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
A child was reported missing. A TV news helicopter crew spotted him on the roof playing hooky
5-year-old Utah boy accidentally kills himself with a handgun he found in his parents’ bedroom
New York City man charged with stealing sword, bullhorn from Coach Rick Pitino’s St. John’s office
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Gossip Girl's Jessica Szohr Shares Look Inside Star-Studded Wedding to Brad Richardson
What Each Zodiac Sign Needs for Virgo Season, According to Your Horoscope
Kourtney Kardashian Twins With Baby Rocky Barker in Matchy Matchy Outfits