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Equal Treatment for Public Pensions: Social Security Benefit Changes

This act aims to change how Social Security benefits are calculated for individuals who worked in both public (non-covered) and private sectors. It introduces new rules to ensure fairer benefits by eliminating previous reductions for these individuals. Additionally, it provides extra monthly payments for some current retirees and improves earnings reporting.
Key points
Replaces the Windfall Elimination Provision with a new formula to equalize benefits for individuals with non-covered employment.
Introduces an additional monthly payment of $100 for certain current retirees whose benefits were reduced by the old provision.
Improves the reporting of non-covered earnings on Social Security account statements for greater transparency.
Mandates a study on partnering with state and local pension systems to enhance data collection on non-covered pensions.
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Additional Information
Print number: 117_HR_5834
Sponsor: Rep. Brady, Kevin [R-TX-8]
Process start date: 2021-11-03