Equal Treatment of Public Servants Act of 2023

This bill would change how Social Security benefits are calculated for public servants who worked in jobs not covered by Social Security (such as many state and local government positions). It replaces the current Windfall Elimination Provision with a new formula that accounts for both covered and noncovered earnings when calculating benefits, rather than reducing benefits based on noncovered employment. The bill would provide additional monthly payments of $100 for some affected individuals and $50 for others, starting 270 days after enactment. It also requires Social Security account statements to show noncovered earnings and directs the Social Security Administration to study ways to improve information sharing with state pension systems about noncovered pensions. The changes would apply to benefits payable starting January 1, 2025.