Current:Home > MarketsSenate begins final push to expand Social Security benefits for millions of people -ProsperPlan Hub
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-15 18:14:06
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! (22)
Related
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- The Daily Money: Gas prices ease
- Nikki Garcia's Rep Speaks Out After Husband Artem Chigvintsev's Domestic Violence Arrest
- Sheriff’s office quickly dispels active shooter rumor at Disney World after fight, ‘popping’ sound
- The Super Bowl could end in a 'three
- As first execution in a decade nears, South Carolina prison director says 3 methods ready
- Target's viral Lewis the Pumpkin Ghoul is sneaking into stores, but won't likely lurk long
- Reactions to the deaths of NHL star Johnny Gaudreau and his brother Matthew Gaudreau
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Illinois man convicted in fatal stabbing of child welfare worker attacked during home visit
Ranking
- 2025 'Doomsday Clock': This is how close we are to self
- Ulta Flash Deals Starting at $9.50: You Have 24 Hours to Get 50% off MAC, IGK, Bondi Boost, L'ange & More
- Emma Roberts Weighs in on Britney Spears Biopic Casting Rumors
- Nvidia sees stock prices drop after record Q2 earnings. Here's why.
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Jack White threatens to sue over Trump campaign staffer's use of White Stripes song
- Matthew Gaudreau's Wife Madeline Pregnant With Their First Baby Amid His Death
- Nikki Garcia's Rep Speaks Out After Husband Artem Chigvintsev's Domestic Violence Arrest
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
These Target Labor Day Deals Won’t Disappoint—Save up to 70% off Decor & Shop Apple, Keurig, Cuisinart
Young girls are using anti-aging products they see on social media. The harm is more than skin deep
Allison Holker, wife of the late Stephen 'tWitch' Boss, teases a new relationship
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Winners and losers of the Brandon Aiyuk contract extension
The Prime Show: All bling, no bang once again as Colorado struggles past North Dakota State
Ulta Flash Deals Starting at $9.50: You Have 24 Hours to Get 50% off MAC, IGK, Bondi Boost, L'ange & More