118th Congress · HOUSE BILLBILL

H.R. 5342 — Equal Treatment of Public Servants Act of 2023

“To amend title II of the Social Security Act to replace the windfall elimination provision with a formula equalizing benefits for certain individuals with noncovered employment, and for other purposes.”

Social welfare

Introduced Sep 5, 2023

Last action Nov 12, 2024

Pipeline · Bill → Law

Step 1

Introduced

Sep 5, 2023

Step 2

Referred

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill phases in a new funding formula for determining benefit amounts under the windfall elimination provision (WEP). The WEP reduces Social Security retirement and disability benefits for those who receive pensions for certain non-covered employment. The new formula adjusts an individual's total lifetime earnings based on the proportion of those earnings subject to Social Security payroll taxes. It applies to individuals who (1) become eligible for Social Security benefits after 2067, and (2) have earnings from non-covered service performed in a year after 1977. Beneficiaries who become eligible for benefits between 2025 and 2067 receive the higher of their benefit calculated under the...

Provisions · 6 sections

Timeline · 0 actions