Current:Home > ScamsSenate begins final push to expand Social Security benefits for millions of people -Wealth Legacy Solutions
Senate begins final push to expand Social Security benefits for millions of people
View
Date:2025-04-18 22:10:43
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! (3)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- There's now a Stevie Nicks-themed Barbie. And wouldn't you love to love her?
- Things to know about the Vatican’s big meeting on the future of the Catholic Church
- If You're Not Buying Sojos Sunglasses, You're Spending Too Much
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Daniel Jones sacked 10 times as Giants show little in 24-3 loss to the Seattle Seahawks
- Passport processing times reduced by 2 weeks, State Department says
- Sam Bankman-Fried set to face trial after spectacular crash of crypto exchange FTX
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Medicare open enrollment for 2024 is coming soon. Here's when it is and how to prepare.
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- 2 Army soldiers killed in Alaska as tactical vehicle flips
- 2 Army soldiers killed, 12 injured in crash of military transport vehicle in Alaska
- More than 100 dolphins found dead in Brazilian Amazon as water temperatures soar
- Senate begins final push to expand Social Security benefits for millions of people
- Adoptive parents charged with felony neglect after 3 children found alone in dangerous conditions
- 'So scared': Suspected shoplifter sets store clerk on fire in California
- Future Motion recalls 300,000 Onewheel Electric Skateboards after four deaths reported
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
NBA Star Jimmy Butler Debuts Emo Look in Must-See Hair Transformation
Stock market today: Asian markets sink, with Hong Kong down almost 3% on selling of property stocks
More than 100 dolphins found dead in Brazilian Amazon as water temperatures soar
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
National Democrats sue to block Wisconsin’s absentee voting witness requirements
Matt Gaetz teases effort to oust Kevin McCarthy, accuses him of making secret side deal with Biden
Suspect in kidnapping of 9-year-old Charlotte Sena in upstate New York identified