District of Columbia Pension Liability Funding Reform Act of 1994

Summary: TABLE OF CONTENTS: 
     Title I:  Federal Contribution to District of 
          Columbia Pension Funds 
     Title II:  Changes in Retirement Benefits 
          Subtitle A:  Police Officers' and Fire Fighters' 
               Contribution 
          Subtitle B:  Teachers' Contribution 
          Subtitle C:  Judges' Contribution 
     Title III:  Effective Date 
District of Columbia Pension Liability Funding Reform Act of 1994 - 
Title I:  Federal Contribution to District of Columbia Pension Funds
 - Amends the District of Columbia Retirement Reform Act to:  (1) extend through FY 2035 (currently 2004) the required Federal payments to the District of Columbia's teachers', firefighters', police officers', and judges' pension funds; (2) increase the amounts paid into each of the pension funds for FY 1996 and thereafter; and (3) delay until 2035 (currently 2004) a determination by the Comptroller General as to whether all such amounts have been paid in full. 
Title II:  Changes in Retirement Benefits - Subtitle A:  Police Officers' and Fire Fighters' Contribution
 - Amends the Policemen and Firemen's Retirement and Disability Act to:  (1) increase after FY 1995 to eight (currently seven) percent of the basic salary of a D.C. police officer or fire fighter the amount deducted and withheld as a retirement contribution; (2) direct the Mayor to annually (currently semiannually) determine the percentage change in the price index for annuity cost of living adjustment purposes; (3) increase such annuities by specified percentages of the price index increase; and (4) make such adjustment changes applicable to any increase in an annuity payable under such Act (currently limited to annuities having a commencement date after the effective date of the cost of living adjustment provisions). 
Repeals a provision of the District of Columbia Police and Firemen's Salary Act which provided a certain pension relief allowance or retirement compensation increase. 
Subtitle B:  Teachers' Contribution
 - Increases to eight (currently seven) percent of a D.C. teacher's basic salary the amount deducted and withheld as a retirement contribution after FY 1995. Makes changes similar to those set forth under Subtitle A with respect to price index determinations and related teacher annuity adjustments. 
Subtitle C:  Judges' Contribution
 - Increases from three and one half to four and one half percent of the basic judges' salary the amount to be deducted and withheld for retirement contributions after FY 1995.  Provides for the assumption of such increased contribution in the computation of retirement salary for services performed on or after FY 1995.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``District of Columbia Pension 
Liability Funding Reform Act of 1994''.

  TITLE I--FEDERAL CONTRIBUTION TO DISTRICT OF COLUMBIA PENSION FUNDS

SEC. 101. INCREASE IN AND EXTENSION OF FEDERAL CONTRIBUTION.

    (a) In General.--Section 144(a) of the District of Columbia 
Retirement Reform Act (sec. 1-724(a), D.C. Code) is amended--
            (1) in the matter preceding paragraph (1), by striking 
        ``2004--'' and inserting ``2035 the following amounts:'';
            (2) in paragraph (1)--
                    (A) by striking ``as'' and inserting ``As'', and
                    (B) by striking ``Fund, the sum'' and all that 
                follows and inserting the following: ``Fund--
                    ``(A) for each fiscal year through fiscal year 
                1995, the sum of $34,170,000, reduced by the amount of 
                any reduction required under section 145(c),
                    ``(B) for fiscal year 1996, the sum of $35,879,000, 
                reduced by the amount of any such reduction, and
                    ``(C) for fiscal year 1997 and each subsequent 
                fiscal year, the amount calculated in accordance with 
                this paragraph for the previous fiscal year increased 
                by 5 percent, reduced by the amount of any such 
                reduction;'';
            (3) in paragraph (2)--
                    (A) by striking ``as'' and inserting ``As'', and
                    (B) by striking ``Fund, the sum'' and all that 
                follows and inserting the following: ``Fund--
                    ``(A) for each fiscal year through fiscal year 
                1995, the sum of $17,680,000,
                    ``(B) for fiscal year 1996, the sum of $18,564,000, 
                and
                    ``(C) for fiscal year 1997 and each subsequent 
                fiscal year, the amount calculated in accordance with 
                this paragraph for the previous fiscal year increased 
                by 5 percent; and''; and
            (4) in paragraph (3)--
                    (A) by striking ``as'' and inserting ``As'', and
                    (B) by striking ``Fund, the sum'' and all that 
                follows and inserting the following: ``Fund--
                    ``(A) for each fiscal year through fiscal year 
                1995, the sum of $220,000,
                    ``(B) for fiscal year 1996, the sum of $231,000, 
                and
                    ``(C) for fiscal year 1997 and each subsequent 
                fiscal year, the amount calculated in accordance with 
                this paragraph for the previous fiscal year increased 
                by 5 percent.''.
    (b) Conforming Amendments.--The District of Columbia Retirement 
Reform Act is amended--
            (1) in section 144(e) (sec.1-724, D.C. Code)--
                    (A) by striking ``2004'' in paragraph (1) and 
                inserting ``2035'', and
                    (B) by striking paragraph (2);
            (2) in section 145 (sec. 1-725, D.C. Code), by striking 
        ``2004'' each place it appears in subsections (a)(1) and (c)(1) 
        and inserting ``2035''; and
            (3) in section 162(d) (sec. 1-732(d)(1), D.C. Code), by 
        striking paragraph (5).

                TITLE II--CHANGES IN RETIREMENT BENEFITS

      Subtitle A--Police Officers' and Fire Fighters' Contribution

SEC. 201. INCREASE IN CONTRIBUTION.

    The first sentence of subsection (d)(1) of the Policemen and 
Firemen's Retirement and Disability Act (sec. 4-612(a), D.C. Code) is 
amended by inserting after ``per centum'' the following: ``(or, with 
respect to a member who is an officer or member of the Metropolitan 
Police force or the Fire Department of the District of Columbia, 8 per 
centum for each pay period which begins on or after October 1, 1995)''.

SEC. 202. ESTABLISHMENT OF SINGLE ANNUAL COST-OF-LIVING ADJUSTMENT.

    Subsection (m) of the Policemen and Firemen's Retirement and 
Disability Act (sec. 4-624, D.C. Code) is amended--
            (1) in paragraph (2), by striking ``the Mayor shall'' and 
        all that follows and inserting the following: ``on January 1 of 
        each year (or within a reasonable time thereafter), the Mayor 
        shall determine the per centum change in the price index for 
        the preceding year by determining the difference between the 
        index published for December of the preceding year and the 
        index published for December of the second preceding year.''; 
        and
            (2) by amending paragraph (3) to read as follows:
    ``(3)(A) If (in accordance with paragraph (2)) the Mayor determines 
in a year (beginning with 1997) that the per centum change in the price 
index for the preceding year indicates a rise in the price index, each 
annuity having a commencing date on or before March 1 of the year 
shall, effective March 1 of the year, be increased by an amount equal 
to--
            ``(i) in the case of an annuity having a commencing date on 
        or before March 1 of such preceding year, the per centum change 
        computed under paragraph (2), adjusted to the nearest \1/10\ of 
        1 per centum; or
            ``(ii) in the case of an annuity having a commencing date 
        after March 1 of such preceding year, a pro rata increase equal 
        to the product of--
                    ``(I) \1/12\ of the per centum change computed 
                under paragraph (2), multiplied by
                    ``(II) the number of months (not to exceed 12 
                months, counting any portion of a month as an entire 
                month) for which the annuity was payable before the 
                effective date of the increase,
        adjusted to the nearest \1/10\ of 1 per centum.
    ``(B) On January 1, 1996 (or within a reasonable time thereafter), 
the Mayor shall determine the per centum change in the price index 
published for December 1995 over the price index published for June 
1995. If such per centum change indicates a rise in the price index, 
effective March 1, 1996--
            ``(i) each annuity having a commencing date on or before 
        September 1, 1995, shall be increased by an amount equal to 
        such per centum change, adjusted to the nearest \1/10\ of 1 per 
        centum; and
            ``(ii) each annuity having a commencing date after 
        September 1, 1995, and on or before March 1, 1996, shall be 
        increased by a pro rata increase equal to the product of--
                    ``(I) \1/6\ of such per centum change, multiplied 
                by
                    ``(II) the number of months (not to exceed 6 
                months, counting any portion of a month as an entire 
                month) for which the annuity was payable before the 
                effective date of the increase,
        adjusted to the nearest \1/10\ of 1 per centum.''.

SEC. 203. EQUALIZATION OF CONTRIBUTION RULES FOR FORMER RETIREES.

    (a) In General.--Section 209(a)(2)(B) of the District of Columbia 
Retirement Reform Act (sec. 4-625(2), D.C. Code) is amended by striking 
``having a commencing date after the effective date of such 
amendment.''.
    (b) Repeal of Relief Allowance or Compensation Increase.--Section 
301 of the District of Columbia Police and Firemen's Salary Act of 1953 
(sec. 4-605, D.C. Code) is repealed.

                   Subtitle B--Teachers' Contribution

SEC. 211. INCREASE IN CONTRIBUTION.

    The first sentence of section 1 of the Act entitled ``An Act for 
the retirement of public-school teachers in the District of Columbia'', 
approved August 7, 1946 (sec. 31-1221(a), D.C. Code), is amended by 
inserting after ``per centum'' the following: ``(or, with respect to 
each pay period which begins on or after October 1, 1995, 8 per 
centum)''.

SEC. 212. ESTABLISHMENT OF SINGLE ANNUAL COST-OF-LIVING ADJUSTMENT.

    Section 21(b) of the Act entitled ``An Act for the retirement of 
public-school teachers in the District of Columbia'', approved August 
7, 1946 (sec. 31-1241(b), D.C. Code) is amended--
            (1) in paragraph (1), by striking ``The Mayor shall--'' and 
        all that follows and inserting the following: ``On January 1 of 
        each year (or within a reasonable time thereafter), the Mayor 
        shall determine the per centum change in the price index for 
        the preceding year by determining the difference between the 
        index published for December of the preceding year and the 
        index published for December of the second preceding year.''; 
        and
            (2) by amending paragraph (2) to read as follows:
    ``(2)(A) If (in accordance with paragraph (1)) the Mayor determines 
in a year (beginning with 1997) that the per centum change in the price 
index for the preceding year indicates a rise in the price index, each 
annuity having a commencing date on or before March 1 of the year 
shall, effective March 1 of the year, be increased by an amount equal 
to--
            ``(i) in the case of an annuity having a commencing date on 
        or before March 1 of such preceding year, the per centum change 
        computed under paragraph (1), adjusted to the nearest \1/10\ of 
        1 per centum; or
            ``(ii) in the case of an annuity having a commencing date 
        after March 1 of such preceding year, a pro rata increase equal 
        to the product of--
                    ``(I) \1/12\ of the per centum change computed 
                under paragraph (1), multiplied by
                    ``(II) the number of months (not to exceed 12 
                months, counting any portion of a month as an entire 
                month) for which the annuity was payable before the 
                effective date of the increase,
        adjusted to the nearest \1/10\ of 1 per centum.
    ``(B) On January 1, 1996 (or within a reasonable time thereafter), 
the Mayor shall determine the per centum change in the price index 
published for December 1995 over the price index published for June 
1995. If such per centum change indicates a rise in the price index, 
effective March 1, 1996--
            ``(i) each annuity having a commencing date on or before 
        September 1, 1995, shall be increased by an amount equal to 
        such per centum change, adjusted to the nearest \1/10\ of 1 per 
        centum; and
            ``(ii) each annuity having a commencing date after 
        September 1, 1995, and on or before March 1, 1996, shall be 
        increased by a pro rata increase equal to the product of--
                    ``(I) \1/6\ of such per centum change, multiplied 
                by
                    ``(II) the number of months (not to exceed 6 
                months, counting any portion of a month as an entire 
                month) for which the annuity was payable before the 
                effective date of the increase,
        adjusted to the nearest \1/10\ of 1 per centum.''.

                    Subtitle C--Judges' Contribution

SEC. 221. INCREASE IN CONTRIBUTION.

    (a) Amount of Withholding.--The first sentence of section 11-
1563(a), D.C. Code, is amended by inserting after ``per centum'' the 
following: ``(or, with respect to each pay period which begins on or 
after October 1, 1995, 4\1/2\ per centum)''.
    (b) Computation of Retirement Salary.--Section 11-1564(d)(1), D.C. 
Code, is amended by inserting after ``United States Code,'' the 
following: ``with respect to services performed before October 1, 1995, 
and equal to 4\1/2\ per centum of such salary, pay, or compensation 
with respect to services performed on or after October 1, 1995,''.

                       TITLE III--EFFECTIVE DATE

SEC. 301. EFFECTIVE DATE.

    The amendments made by this Act shall take effect October 1, 1995.