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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1894 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 1894

To amend chapters 83 and 84 of title 5, United States Code, to provide 
   that the cost-of-living adjustment of the annuities of Members of 
Congress may not exceed the cost-of-living adjustment of certain Social 
               Security benefits, and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

              March 7 (legislative day, February 22), 1994

  Mr. McCain introduced the following bill; which was read twice and 
           referred to the Committee on Governmental Affairs

_______________________________________________________________________

                                 A BILL

 
To amend chapters 83 and 84 of title 5, United States Code, to provide 
   that the cost-of-living adjustment of the annuities of Members of 
Congress may not exceed the cost-of-living adjustment of certain Social 
               Security benefits, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. LIMITATION ON COST-OF-LIVING ADJUSTMENTS FOR ANNUITIES OF 
              MEMBERS OF CONGRESS.

    (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)(1) 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, shall be 
the lesser of--
            ``(A) the percentage adjustment which would be applicable 
        under this section if the provisions of this subsection had not 
        been enacted; or
            ``(B) the maximum percentage increase determined under 
        section 215(i) of the Social Security Act (42 U.S.C. 459(i)) 
        for the applicable year.
    ``(2) The provisions of this subsection shall apply only to the 
annuity of an individual who is a Member of Congress on or after the 
date of the enactment of this subsection.''.
    (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)(1) 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, shall be 
the lesser of--
            ``(A) the percentage adjustment which would be applicable 
        under this section if the provisions of this subsection had not 
        been enacted; or
            ``(B) the maximum percentage increase determined under 
        section 215(i) of the Social Security Act (42 U.S.C. 459(i)) 
        for the applicable year.
    ``(2) The provisions of this subsection shall apply only to the 
annuity of an individual who is a Member of Congress on or after the 
date of the enactment of this subsection.''.

                                 <all>
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