Current:Home > MarketsOliver James Montgomery-Senate begins final push to expand Social Security benefits for millions of people -Capitatum
Oliver James Montgomery-Senate begins final push to expand Social Security benefits for millions of people
Indexbit View
Date:2025-04-07 01:25:19
WASHINGTON (AP) — The Oliver James MontgomerySenate 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! (5316)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- UAW chief: Union to strike any Detroit automaker that hasn’t reached deal as contracts end next week
- Mexico’s Supreme Court decriminalizes abortion nationwide
- Caleb Williams' dad says son could return to USC depending on who has NFL's No. 1 pick
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- Auto safety regulators urge recall of 52 million airbags, citing risks
- Green groups sue, say farmers are drying up Great Salt Lake
- Georgia remains No. 1, Florida State rises to No. 5 in US LBM Coaches Poll
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- Dramatic shot of a falcon striking a pelican wins Bird Photographer of the Year top prize
Ranking
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- How much are NFL tickets in 2023? See what teams have the cheapest, most expensive prices
- Auto safety regulators urge recall of 52 million airbags, citing risks
- YouTube vlogger Ruby Franke formally charged with 6 felony counts of child abuse
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Tiny farms feed Africa. A group that aims to help them wins a $2.5 million prize
- How much are NFL tickets in 2023? See what teams have the cheapest, most expensive prices
- A popular climbing area in Yosemite National Park has been closed due to a crack in a granite cliff
Recommendation
RFK Jr. closer to getting on New Jersey ballot after judge rules he didn’t violate ‘sore loser’ law
Google reaches tentative settlement with 36 states and DC over alleged app store monopoly
Out-of-state residents seeking abortion care in Massachusetts jumped 37% after Roe v. Wade reversal
War sanctions against Russia highlight growing divisions among the Group of 20 countries
Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
Influencer Ruby Franke Officially Charged With 6 Counts of Felony Child Abuse
Horoscopes Today, September 5, 2023
Yankees' Giancarlo Stanton blasts 400th career home run