taya777-taya777 slot-taya777 casino
taya777-taya777 slot-taya777 casino

Hotline:

hot646 Senate begins final push to expand Social Security benefits for millions of people

Updated:2024-12-16 05:53    Views:148

The Social Security Administration office is seen in Mount Prospect, Ill., Oct. 12, 2022.(AP Photo/Nam Y. Huh, File)

The Senate is pushing toward a vote on legislation that would provide full Social Security benefits to 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.”

pragmatic888 Your subscription could not be saved. Please try again. Your subscription has been successful.

Subscribe to our daily newsletter

SIGN ME UP

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

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.

Sen. Majority Leader Chuck Schumer, D-N.Y., listens during a news conference after a policy luncheon on Capitol Hill Tuesday, Dec. 3, 2024, in Washington. (AP Photo/Mariam Zuhaib)

At least one GOP senator who signed onto similar legislation last year, Sen. Mike Braun of Indiana, said he was still “weighing” whether to vote for the bill next week.

“Nothing ever gets paid for, so if it’s further indebtedness, I don’t know,” he said.

ADVERTISEMENT

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.

“Reaching 4,000 stores is an incredible milestone that reflects the trust and loyalty we’ve earned from our customers over the years. It’s also a tribute to the hard work and dedication of our team” Philippine Seven Corp. (PSC) co-founder and chairman of the board Jose Pardo said in a statement Tuesday.

“Nearly 3 billion people and more than half of the world’s food production are now in areas where total water storage is projected to decline,” said the report by the Global Commission on the Economics of Water (GCEW).

The nonpartisan Committee for a Responsible Federal Budget also estimates that if passed, the policy would hasten the Social Security program’s insolvency date by about half a year as well as reduce lifetime Social Security benefits by an additional $25,000 for a typical dual-income couple retiring in 2033.

ADVERTISEMENT

Sen. Bill Cassidy, R-La., speaks with reporters at the Capitol in Washington, Wednesday, Sept. 25, 2024. (AP Photo/J. Scott Applewhite, File)

Sen. John Thune, the no. 2 Republican in leadership, acknowledged that the policy has strong bipartisan support, but said some Republicans also want to see it “fixed in the context of a broader Social Security reform effort.”

Conservatives have opposed the bill, decrying its cost.

“Even for something that people consider to be a good cause, it shows a lack of concern for the future of the country, so I think it would be a big mistake,” said Sen. Rand Paul, a Republican from Kentucky.

Still, other 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.

Want stories like this delivered straight to your inbox? Stay informed. Stay ahead. Subscribe to InqMORNING hot646

MORE STORIES Bianca Bustamante wraps up F1 Academy journey Selena Gomez reveals engagement to Benny Blanco Sofronio Vasquez: ‘The Voice’ champion’s life-changing prizes Follow @FMangosingINQ on Twitter --> Don't miss out on the latest news and information. View comments TAGS: public benefits, Social Security, Trending, US legislation For feedback, complaints, or inquiries, contact us.