The Public Servants Protection and Fairness Act of 2021 - Ways & Means Committee
Richard E. Neal (D-MA), chairman of the House Committee on Ways and Means reintroduced the Public Servants Protection and Fairness Act of 2021. This act “will fix the Windfall Elimination Provision (WEP) for future retirees and provide meaningful relief to current WEP retirees.” Currently, 1.9 million Social Security beneficiaries are affected by the WEP reduction. WEP is an alternative method of computing benefits for some workers who receive a pension based on work not covered by Social Security. The WEP computation results in a lower benefit than the worker would receive under the regular computation method. We have attached links to the press release from the Ways & Means Committee along with an overview of the Public Servants Protection and Fairness Act of 2021, Bill’s text, and an estimate from the Social Security Administration Chief Actuary. Click here…
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