Current:Home > MarketsCharles H. Sloan-Senate begins final push to expand Social Security benefits for millions of people -Wealth Evolution Experts
Charles H. Sloan-Senate begins final push to expand Social Security benefits for millions of people
Indexbit View
Date:2025-04-08 17:04:59
WASHINGTON (AP) — The Charles H. SloanSenate 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! (23)
Related
- What to watch: O Jolie night
- Court rejects Connecticut officials’ bid to keep secret a police report on hospital patient’s death
- Guatemalan president calls for transition of power to anti-corruption crusader Arévalo
- Boston will no longer require prospective spouses to register their sex or gender to marry
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- See Hurricane Idalia from space: Satellite views from International Space Station show storm off Florida coast
- Alabama describes proposed nitrogen gas execution; seeks to become first state to carry it out
- Judge sets start date of March 4 for Trump's federal election interference trial
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Nebraska volleyball stadium event could draw 90,000-plus and set women’s world attendance record
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Half of University of San Diego football team facing discipline for alleged hazing
- Florida Governor Ron DeSantis faces Black leaders’ anger after racist killings in Jacksonville
- How to win USA TODAY Sports' NFL Survivor Pool: Beware of upsets
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Bomb threat at Target in New Berlin was a hoax, authorities say
- Wisconsin Republicans consider bill to weaken oversight of roadside zoos
- Jared Leto’s Impressive Abs Reveal Is Too Gucci
Recommendation
The company planning a successor to Concorde makes its first supersonic test
CBS to honor 'The Price is Right' host Bob Barker with primetime special: How to watch
Professional Women's Hockey League announces inaugural season start date, franchise cities
Angels go from all-in to folding, inexplicably placing six veterans on waivers
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Man Taken at Birth Reunites With Mom After 42 Years Apart
Chicago TV news crew robbed at gunpoint while reporting on a string of robberies
Jimmy Kimmel, Stephen Colbert and other late-night hosts launch 'Strike Force Five' podcast