Current:Home > MySenate begins final push to expand Social Security benefits for millions of people -Mastery Money Tools
Senate begins final push to expand Social Security benefits for millions of people
NovaQuant Quantitative Think Tank Center View
Date:2025-04-06 14:47:27
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! (4)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- 'Wait Wait' for May 6, 2023: With Not My Job guest Ray Romano
- 'Mrs. Davis' is a big swing that connects
- Ballroom dancer and longtime 'Dancing With The Stars' judge Len Goodman dies at 78
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- In 'Book Club: The Next Chapter,' the ladies live, laugh, and love in Italy
- Haylie Duff Shares Must-Haves She Can’t Live Without, Including an Essential With 76,400+ 5-Star Reviews
- Here's the latest list of the '11 Most Endangered Historic Places' in the U.S.
- Trump issues order to ban transgender troops from serving openly in the military
- In a Sheep to Shawl competition, you have 5 people, 1 sheep, and 3 hours — good luck!
Ranking
- Current, future North Carolina governor’s challenge of power
- Here are the winners of the 2023 Pulitzer Prizes
- Paris Hilton Reacts to Ellen DeGeneres Predicting Her Baby Boy's Name a Year Ago
- Yes, Dry Shampoo for Lashes Is a Thing: Here’s Why You Need It
- Trump's 'stop
- Ellen Pompeo's Last Episode of Grey's Anatomy Is Here: Other Stars Who Left Hit Shows in 2023
- We debate the greatest TV finales of all time
- Ellen Pompeo's Last Episode of Grey's Anatomy Is Here: Other Stars Who Left Hit Shows in 2023
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Fishermen find remains of missing father inside shark in Argentina
Marvel Actress Karen Gillan Reveals She's Been Secretly Married for Nearly a Year
'Wild Dances' puts consequences of a long-ago, faraway conflict at center
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Chef Kwame Onwuachi wants everyone to have a seat at his table
It Cosmetics Flash Deal: Get $123 Worth of Products for Just $77
UK worker gets $86,000 after manager allegedly trashed bald-headed 50-year-old men