Current:Home > StocksRekubit-Senate begins final push to expand Social Security benefits for millions of people -Triumph Financial Guides
Rekubit-Senate begins final push to expand Social Security benefits for millions of people
NovaQuant View
Date:2025-04-10 18:55:18
WASHINGTON (AP) — The RekubitSenate 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
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Gen Z is overdoing Botox, and it's making them look old. When is the right time to get it?
- Lady Gaga stuns on avant-garde Vogue cover, talks Michael Polansky engagement
- 'Who TF Did I Marry?' TV show in the works based on viral TikTok series
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Rare but deadly mosquito disease has New England hotspots warning against going out at night
- Bachelor Nation's Maria Georgas Shares Cryptic Message Amid Jenn Tran, Devin Strader Breakup Drama
- Before Hunter Biden’s guilty plea, he wanted to enter an Alford plea. What is it?
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- A Legionnaire’s disease outbreak has killed 3 at an assisted living facility
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Donald Trump returns to North Carolina to speak at Fraternal Order of Police meeting
- 2 Nigerian brothers sentenced for sextortion that led to teen’s death
- Pivotal August jobs report could ease recession worries. Or fuel them.
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Persistent power outages in Puerto Rico spark outrage as officials demand answers
- See Taylor Swift Return to Her WAG Era With Travis Kelce’s Parents at Kansas City Chiefs NFL Game
- Why is my dog eating grass? 5 possible reasons, plus what owners should do
Recommendation
Sam Taylor
TikToker Taylor Frankie Paul Shares One Regret After Mormon Swinging Sex Scandal
Ticketmaster’s pricing for Oasis tickets is under investigation in the UK
Barney is back on Max: What's new with the lovable dinosaur in the reboot
Tom Holland's New Venture Revealed
Suspect charged with murder in the fatal shooting of a deputy in Houston
Alex Morgan leaves soccer a legend because she used her influence for the greater good
Martin Lawrence Shares Rare Insight on Daughter's Romance With Eddie Murphy's Son