Equal Treatment of Public Servants Act of 2020

Summary

Equal Treatment of Public Servants Act of 2020 This bill phases in a new funding formula for determining benefit amounts under the windfall elimination provision (WEP). (The WEP reduces Old-Age, Survivors, and Disability Insurance 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 old-age or disability benefits after 2060, and (2) have earnings from non-covered service performed in a year after 1977. Beneficiaries who become eligible for benefits between 2022 and 2060 receive the higher of their benefit calculated under the existing WEP or the new formula. In addition, certain beneficiaries currently impacted by the WEP receive an additional payment. The Social Security Administration must include non-covered earnings in Social Security account statements and must study the feasibility of partnering with certain pension systems to address data sharing issues related to non-covered pensions.

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Timeline

1. 5 March 2020

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 5 March 2020

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 5 March 2020 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 5 March 2020

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 5 March 2020

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 5 March 2020

  Open at official source

Sponsors

• Ted Cruz · R · Sponsor
• Bill Cassidy · R · Sponsor
• John Cornyn · R · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Equal Treatment of Public Servants Act of 2019
• related to ← Equal Treatment of Public Servants Act of 2018