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Equal Treatment of Public Servants Act (HR 5342)

Score:

48

%

Federal

2024

Latest Action:

Updated:

Chamber:

This bill proposes replacing the existing Windfall Elimination Provision (WEP) with a new formula designed to equalize Social Security benefits for individuals with earnings from noncovered employment, addressing disparities faced by public servants. The primary objective is to create a formula that computes an individual's primary insurance amount by incorporating their noncovered work earnings. The formula considers average indexed monthly earnings and adjusts them as if all noncovered earnings were classified as wages under Social Security regulations. An additional feature includes a supplementary monthly payment for individuals whose benefits are reduced due to the WEP, set at $100 for eligible recipients and $50 for others receiving benefits based on an eligible individual’s income. This aims to minimize the financial impact for those affected by WEP reductions.

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