Wellbeing for Every Public Servant Act of 2021

To amend title II of the Social Security Act to restrict the application of the windfall elimination provision to individuals whose combined monthly income from benefits under such title and other monthly periodic payments exceeds a minimum wage-indexed amount of $5,500 and to provide for a graduated implementation of such provision on amounts above such minimum amount. 1. Short title This Act may be cited as the Wellbeing for Every Public Servant Act of 2021 2. Windfall elimination provision restricted to total monthly amounts in excess of COLA-adjusted amount of $5,500 Section 215(a)(7) of the Social Security Act 42 U.S.C. 415(a)(7) (1) in subparagraph (A), by inserting after service’), if the sum of the individual’s primary insurance amount under paragraph (1) of this subsection and the portion of the monthly periodic payment which is attributable to noncovered service performed after 1956 (with such attribution being based on the proportionate number of years of such noncovered service) is greater than 1/12 (2) in the second sentence of subparagraph (B)(i), by striking (with such attribution being based on the proportionate number of years of such noncovered service) (as determined under subparagraph (A)) (3) in the last sentence of subparagraph (B)(i), by striking the larger of subsection (i)) the primary insurance amount determined under paragraph (1), reduced (before the application of subsection (i)) by the applicable percentage determined under clause (iii) of the excess of such amount over the larger of the two amounts computed under the preceding two sentences, (4) by adding at the end of subparagraph (B) the following new clauses: (iii) For purposes of clause (i), the applicable percentage in connection with any individual is the product (not greater than 100 percent) derived by multiplying 2.5 percentage points by the quotient determined under this clause. The quotient determined under this clause is the quotient derived by dividing— (I) the excess of the sum referred to in subparagraph (A) over 1/12 (II) 1/480 rounded to the next higher multiple of 1 where such amount is a multiple of 0.5 and to the nearest multiple of 1 in any other case. (iv) For individuals whose concurrent entitlement described in subparagraph (A) commences in calendar year 2021, the dollar amounts established for purposes of subclauses (I) and (II) of clause (iii) shall be $66,000 and $76,000, respectively. For individuals whose concurrent entitlement described in subparagraph (A) commences in any calendar year after 2021, each of the amounts so established shall equal the product derived by multiplying the corresponding amount established with respect to calendar year 2021 by the quotient obtained by dividing— (I) the national average wage index (as defined in section 209(k)(1)) for the first of the 2 calendar years preceding the calendar year for which the determination is made, by (II) the national average wage index (as so defined) for 2019. Each amount established by this clause for any calendar year shall be rounded to the nearest multiple of $1, except that any amount so established which is a multiple of $0.50 but not of $1 shall be rounded to the next higher multiple of $1. . 3. Effective date The amendments made by section 2 shall apply with respect to benefits for months after the date of the enactment of this Act. Notwithstanding section 215(f)(1) of the Social Security Act

Summary: Wellbeing for Every Public Servant Act of 2021 This bill modifies the application of the windfall elimination provision (WEP), which reduces Social Security benefits for individuals who receive both Social Security and a pension from non-covered employment. Specifically, the bill eliminates the WEP for individuals whose combined monthly benefits from Social Security and non-covered public pensions are below $5,500, and it applies a partial WEP reduction to those whose combined monthly benefits are between $5,500 and $6,333.