A bill to provide for cost-of-living adjustments for pay and retirement benefits for Members of Congress and certain senior Federal officials to be limited by the amount of social security cost-of-living adjustments, and for other purposes.

Summary: Amends the Legislative Reorganization Act of 1946 and other Federal law to:  (1) prohibit cost-of-living adjustments in the salaries of Members of Congress, Executive Schedule officers, and the Vice President from exceeding cost-of-living adjustments for social security benefits; (2) allow Members of Congress to receive cost-of-living adjustments only in nonelection years; and (3) prohibit cost-of-living adjustments in the retirement annuities of Members of Congress and Executive Schedule officers from exceeding cost-of-living adjustments for social security benefits.

SECTION 1. LIMITATION OF COST-OF-LIVING ADJUSTMENTS FOR PAY FOR MEMBERS 
              OF CONGRESS AND CERTAIN SENIOR FEDERAL OFFICIALS

    (a) Members of Congress.--Section 601(a)(2) of the Legislative 
Reorganization Act of 1946 (2 U.S.C. 31(2)) is amended to read as 
follows:
            ``(2)(A) Subject to subparagraphs (B) and (C) effective at 
        the beginning of the first applicable pay period commencing on 
        or after the first day of the month in which an adjustment 
        takes effect under section 5303 of title 5, United States Code, 
        in the rates of pay under the General Schedule, each annual 
        rate referred to in paragraph (1) shall be adjusted by an 
        amount, rounded to the nearest multiple of $100 (or if midway 
        between multiples of $100, to the next higher multiple of 
        $100), equal to the lesser of--
                    ``(i) the percentage of such annual rate which 
                corresponds to the most recent percentage change in the 
                ECI (relative to the date described in subparagraph 
                (B)), as determined under section 704(a)(1) of the 
                Ethics Reform Act of 1989; or
                    ``(ii) the maximum percentage increase determined 
                under section 215(i) of the Social Security Act (42 
                U.S.C. 459(i)) for the applicable year.
            ``(B) The appropriate date referred to in subparagraph (A) 
        is the first day of the fiscal year in which such adjustment in 
        the rates of pay under the General Schedule takes effect.
            ``(C) The first adjustment under this section shall become 
        effective in the calendar year beginning on January 1, 1995, 
        and all other adjustments shall take effect in every 2 calendar 
        years thereafter. All adjustments shall be based upon the year 
        preceding the adjustment.''.
    (b) Executive Schedule Officers.--Section 5318 of title 5, United 
States Code, is amended to read as follows:
``Sec. 5318. Adjustments in rates of pay
    ``(a) Effective at the beginning of the first applicable pay period 
commencing on or after the first day of the month in which an 
adjustment takes effect under section 5303 of this title in the rates 
of pay under the General Schedule, the annual rate of pay for positions 
at each level of the Executive Schedule shall be adjusted by an amount, 
rounded to the nearest multiple of $100 (or if midway between multiples 
of $100, to the next higher multiple of $100), equal to the lesser of--
            ``(1) the percentage of such annual rate of pay which 
        corresponds to the most recent percentage change in the ECI 
        (relative to the date described in subsection (b)), as 
        determined under section 704(a)(1) of the Ethics Reform Act of 
        1989; or
            ``(2) the maximum percentage increase determined under 
        section 215(i) of the Social Security Act (42 U.S.C. 459(i)) 
        for the applicable year.
    ``(b) The appropriate date referred to under subsection (a) is the 
first day of the fiscal year in which such adjustment in the rates of 
pay under the General Schedule takes effect.''.
    (c) Vice President.--Section 104 of title 3, United States Code, is 
amended to read as follows:
``Sec. 104. Salary of the Vice President
    ``(a) The per annum rate of salary of the Vice President of the 
United States shall be the rate determined for such position under 
section 225 of the Federal Salary Act of 1967 (2 U.S.C. 351 et seq.) as 
adjusted by this section. Effective at the beginning of the first 
applicable pay period commencing on or after the first day of the month 
in which an adjustment takes effect under section 5303 of title 5 in 
the rates of pay under the General Schedule, the salary of the Vice 
President shall be adjusted by an amount, rounded to the nearest 
multiple of $100 (or if midway between multiples of $100, to the next 
higher multiple of $100), equal to the lesser of--
            ``(1) the percentage of such annual rate of pay which 
        corresponds to the most recent percentage change in the ECI 
        (relative to the date described in subsection (b)), as 
        determined under section 704(a)(1) of the Ethics Reform Act of 
        1989; or
            ``(2) the maximum percentage increase determined under 
        section 215(i) of the Social Security Act (42 U.S.C. 459(i)) 
        for the applicable year.
    ``(b) The appropriate date referred to under subsection (a) is the 
first day of the fiscal year in which such adjustment in the rates of 
pay under the General Schedule takes effect.''.

SEC. 2. LIMITATION ON COST-OF-LIVING ADJUSTMENTS FOR FEDERAL ANNUITIES 
              FOR MEMBERS OF CONGRESS AND CERTAIN SENIOR FEDERAL 
              OFFICIALS

    (a) Civil Service Retirement System.--Section 8340 of title 5, 
United States Code, is amended by adding at the end thereof the 
following new subsection:
    ``(h) Notwithstanding any other provision of this section, the 
adjustment under this section for an annuity which is based on 
creditable service, any part of which is service as a Member or service 
in a position under the Executive Schedule, shall be the lesser of--
            ``(1) the percentage adjustment which would be applicable 
        under this section if the provisions of this subsection had not 
        been enacted; or
            ``(2) the maximum percentage increase determined under 
        section 215(i) of the Social Security Act (42 U.S.C. 459(i)) 
        for the applicable year.''.
    (b) Federal Employees' Retirement System.--Section 8462 of title 5, 
United States Code, is amended by adding at the end thereof the 
following new subsection:
    ``(f) Notwithstanding any other provision of this section, the 
adjustment under this section for an annuity which is based on 
creditable service, any part of which is service as a Member or service 
in a position under the Executive Schedule, shall be the lesser of--
            ``(1) the percentage adjustment which would be applicable 
        under this section if the provisions of this subsection had not 
        been enacted; or
            ``(2) the maximum percentage increase determined under 
        section 215(i) of the Social Security Act (42 U.S.C. 459(i)) 
        for the applicable year.''.