District of Columbia Pension Liability Funding Reform Act of 1996

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 
     Title III:  Effective Date 
          Subtitle B:  Teachers' Contribution 
          Subtitle C:  Judges' Contribution 
District of Columbia Pension Liability Funding Reform Act of1996 - Title I:  Federal Contribution to District of Columbia Pension Funds - Amends the District of Columbia Retirement Reform Act to increase and extend through FY 2036 the Federal contributions to the District of Columbia Police Officers and Fire Fighters', Teachers', and Judges' Retirement Funds. 
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 increase retirement contributions withheld from the basic salary of members or officers of the Metropolitan Police force or the Fire Department of the District of Columbia. 
Provides for annual (currently, biannual) cost-of-living adjustments of retirement annuities for such individuals. 
Repeals provisions of the District of Columbia Police and Firemen's Salary Act of 1953 regarding pension relief allowances or retirement compensation increases for certain individuals. 
Subtitle B:  Teachers' Contribution
 - Increases retirement contributions withheld from the basic salary of District of Columbia public school teachers. 
Provides for annual (currently, biannual) cost-of-living adjustments for such individuals. 
Subtitle C:  Judges' Contribution
 - Increases retirement contributions withheld from the basic salary of District of Columbia judges. 
Title III:  Effective Date
 - Makes this Act effective on October 1, 1996.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``District of Columbia Pension 
Liability Funding Reform Act of 1996''.

  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 ``2036 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 
                1996, the sum of $34,170,000, reduced by the amount of 
                any reduction required under section 145(c); and
                    ``(B) for fiscal year 1997 and each subsequent 
                fiscal year, the sum of $193,579,000, 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 
                1996, the sum of $17,680,000; and
                    ``(B) for fiscal year 1997 and each subsequent 
                fiscal year, the sum of $100,152,500.''; 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 
                1996, the sum of $220,000; and
                    ``(B) for fiscal year 1997 and each subsequent 
                fiscal year, the sum of $1,268,500.''.
    (b) Conforming Amendments.--The District of Columbia Retirement 
Reform Act is amended--
            (1) in section 142(b)(1) (sec. 1-722(b)(1), D.C. Code), by 
        striking ``2004'' each place it appears in subparagraphs (A) 
        and (D) and inserting ``2036'';
            (2) in section 142(b)(2) (sec. 1-722(b)(2), D.C. Code), by 
        striking ``2005'' and inserting ``2037'';
            (3) in section 142(c)(1)(A) (sec. 1-722(c)(1)(A), D.C. 
        Code), by striking ``2003'' and inserting ``2035'';
            (4) in section 144(e) (sec.1-724, D.C. Code)--
                    (A) by striking ``2004'' in paragraph (1) and 
                inserting ``2036'', and
                    (B) by striking paragraph (2);
            (5) 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 ``2036''; and
            (6) 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, 1996)''.

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) 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 September 1 of the year 
shall, effective September 1 of the year, be increased by an amount 
equal to--
            ``(A) in the case of an annuity having a commencing date on 
        or before September 1 of such preceding year, the per centum 
        change computed under paragraph (2), adjusted to the nearest 
        \1/10\ of 1 per centum; or
            ``(B) in the case of an annuity having a commencing date 
        after September 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.''.

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, 1996, 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) 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 September 1 of the year 
shall, effective September 1 of the year, be increased by an amount 
equal to--
            ``(A) in the case of an annuity having a commencing date on 
        or before September 1 of such preceding year, the per centum 
        change computed under paragraph (1), adjusted to the nearest 
        \1/10\ of 1 per centum; or
            ``(B) in the case of an annuity having a commencing date 
        after September 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.''.

                    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, 1996, 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, 1996, 
and equal to 4\1/2\ per centum of such salary, pay, or compensation 
with respect to services performed on or after October 1, 1996,''.

                       TITLE III--EFFECTIVE DATE

SEC. 301. EFFECTIVE DATE.

    The amendments made by this Act shall take effect October 1, 1996.