Current:Home > ScamsEthermac|Senate begins final push to expand Social Security benefits for millions of people -StockFocus
Ethermac|Senate begins final push to expand Social Security benefits for millions of people
Chainkeen Exchange View
Date:2025-04-07 10:17:16
WASHINGTON (AP) — The EthermacSenate 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! (2815)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Tearful Derek Hough Reflects on the Shock of Len Goodman’s Death
- Today’s Climate: May 29-30, 2010
- Boy, 3, dead after accidentally shooting himself in Tennessee
- A South Texas lawmaker’s 15
- Kourtney Kardashian's Stepdaughter Alabama Barker Claps Back at Makeup and Age Comments
- Antarctica’s Winds Increasing Risk of Sea Level Rise from Massive Totten Glacier
- An $18,000 biopsy? Paying cash might have been cheaper than using her insurance
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- GOP presidential candidate Nikki Haley outlines her position on abortion: Let's humanize the issue
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Highlighting the Allure of Synfuels, Exxon Played Down the Climate Risks
- Alarming Rate of Forest Loss Threatens a Crucial Climate Solution
- California Fires: Record Hot Summer, Wet Winter Created Explosive Mix
- Travis Hunter, the 2
- 10 Senators Call for Investigation into EPA Pushing Scientists Off Advisory Boards
- Today’s Climate: May 7, 2010
- Natural Gas Flaring: Critics and Industry Square Off Over Emissions
Recommendation
A White House order claims to end 'censorship.' What does that mean?
988: An Alternative To 911 For Mental Health
Nebraska Landowners Hold Keystone XL at Bay With Lawsuit
Gwyneth Paltrow’s Daughter Apple Martin Pokes Fun at Her Mom in Rare Footage
The Grammy nominee you need to hear: Esperanza Spalding
Natural Gas Flaring: Critics and Industry Square Off Over Emissions
Why Pete Davidson's Saturday Night Live Episode Was Canceled
How the Love & Death Costumes Hide the Deep, Dark Secret of the True Crime Story