H. R. 2015—468
SEC. 11012. FEDERAL BENEFIT PAYMENTS DESCRIBED.
(a) IN GENERAL.—Subject to the succeeding provisions of this
subtitle, a ‘‘Federal benefit payment’’ is any benefit payment to
which an individual is entitled under a District Retirement Pro-
gram, in such amount and under such terms and conditions as
may apply under such Program.
(b) TREATMENT OF SERVICE OCCURRING AFTER FREEZE DATE.—
Service after the freeze date shall not be credited for purposes
of determining the amount of any Federal benefit payment. Nothing
in this subsection shall be construed to affect the crediting of
such service for any other purpose under the District Retirement
Program.
(c) SPECIAL RULE REGARDING DISABILITY BENEFITS.—To the
extent that any portion of a benefit payment to which an individual
is entitled under a District Retirement Program is based on a
determination of disability made by the District of Columbia Retire-
ment Board or the Trustee after the freeze date, the Federal benefit
payment determined with respect to the individual shall be an
amount equal to the deferred retirement benefit or normal retire-
ment benefit the individual would receive if the individual left
service on the day before the commencement of disability retirement
benefits.
(d) SPECIAL RULE REGARDING CERTAIN DEATH BENEFITS.—
(1) IN GENERAL.—In the case of a benefit payment to which
an individual is entitled under a District Retirement Program
which is payable on the death of a covered District employee
or former covered District employee and which is not deter-
mined by the length of service of the employee or former
employee, the Federal benefit payment determined with respect
to the individual shall be equal to the pre-freeze date percentage
of the amount otherwise payable.
(2) PRE-FREEZE DATE PERCENTAGE DEFINED.—In paragraph
(1), the ‘‘pre-freeze date percentage’’ with respect to a covered
District employee or former covered District employee is the
amount (expressed as a percentage) equal to the quotient of—
(A) the number of months of the covered District
employee’s or former covered District employee’s service
prior to the freeze date; divided by
(B) the total number of months of the covered District
employee’s or former covered District employee’s service.
SEC. 11013. ESTABLISHMENT OF SINGLE ANNUAL COST-OF-LIVING
ADJUSTMENT UNDER DISTRICT RETIREMENT PROGRAM.
(a) PROGRAM FOR POLICE AND FIRE FIGHTERS.—Subsection (m)
of the Policemen and Firemen’s Retirement and Disability Act (DC
Code, sec. 4–624) 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 deter-
mines in a year (beginning with 1999) that the per centum change
H. R. 2015—469
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, 1998 (or within a reasonable time there-
after), the Mayor shall determine the per centum change in the
price index published for December 1997 over the price index pub-
lished for June 1997. If such per centum change indicates a rise
in the price index, effective March 1, 1998—
‘‘(i) each annuity having a commencing date on or before
September 1, 1997, 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 Septem-
ber 1, 1997, and on or before March 1, 1998, 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.’’.
(b) PROGRAM FOR TEACHERS.—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 (DC Code, sec. 31–1241(b))
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 deter-
mines in a year (beginning with 1999) 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
H. R. 2015—470
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, 1998 (or within a reasonable time there-
after), the Mayor shall determine the per centum change in the
price index published for December 1997 over the price index pub-
lished for June 1997. If such per centum change indicates a rise
in the price index, effective March 1, 1998—
‘‘(i) each annuity having a commencing date on or before
September 1, 1997, 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 Septem-
ber 1, 1997, and on or before March 1, 1998, 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.’’.
CHAPTER 3—DETERMINATIONS AND REVIEW OF
ELIGIBILITY AND PAYMENTS; INFORMATION SHARING
SEC. 11021. DETERMINATION OF ELIGIBILITY FOR AND AMOUNT OF
FEDERAL BENEFIT PAYMENTS MADE BY TRUSTEE.
Notwithstanding any provision of a District Retirement Pro-
gram or any other law, rule, or regulation, the Trustee—
(1) shall determine whether an individual is eligible to
receive a Federal benefit payment under this subtitle;
(2) shall determine the amount and form of an individual’s
Federal benefit payment under this subtitle; and
(3) may recoup or recover any amounts paid under this
subtitle as a result of errors or omissions by the Trustee,
the District Government, or any other person.
SEC. 11022. PROCEDURES FOR RESOLVING CLAIMS ARISING FROM
DENIED BENEFIT PAYMENTS.
(a) REQUIRING NOTICE
AND OPPORTUNITY
FOR REVIEW.—In
accordance with procedures approved by the Secretary, the Trustee
shall provide to any individual whose claim for a Federal benefit
payment under this subtitle has been denied in whole or in part—
(1) adequate written notice of such denial, setting forth
the specific reasons for the denial in a manner calculated
to be understood by the average participant in the District
Retirement Program; and
H. R. 2015—471
(2) a reasonable opportunity for a full and fair review
of the decision denying such claim.
(b) STANDARD FOR REVIEW.—Any factual determination made
by the Trustee shall be presumed correct unless rebutted by clear
and convincing evidence. The Trustee’s interpretation and construc-
tion of the benefit provisions of the District Retirement Program
and this subtitle shall be entitled to great deference.
SEC. 11023. TRANSFER OF AND ACCESS TO RECORDS OF DISTRICT
GOVERNMENT.
(a) IN GENERAL.—Within 30 days after the Secretary or the
Trustee requests, the District Government shall furnish copies of
all records, documents, information, or data the Secretary or the
Trustee deems necessary to carry out responsibilities under this
subtitle and the contract. Upon request, the District Government
shall grant the Secretary or the Trustee direct access to such
information systems, records, documents, information or data as
the Secretary or Trustee requires to carry out responsibilities under
this subtitle or the contract.
(b) REPAYMENT
BY
DISTRICT
GOVERNMENT.—The District
Government shall reimburse the Trust Fund for all costs, including
benefit costs, that are attributable to errors or omissions in the
transferred records that are identified within 3 years after such
records are transferred.
SEC. 11024. FEDERAL INFORMATION SHARING FOR VERIFICATION OF
BENEFIT DETERMINATIONS.
(a) IN GENERAL.—Except with respect to taxpayer returns and
return information subject to section 6103 of the Internal Revenue
Code of 1986, the Secretary may—
(1) secure directly from any department or agency of the
United States information necessary to enable the Secretary
to verify or confirm benefit determinations under this subtitle;
and
(2) by regulation authorize the Trustee to review such
information for purposes of administering this subtitle and
the contract.
(b) AMENDMENTS TO INTERNAL REVENUE CODE.—The Internal
Revenue Code of 1986 is amended as follows:
(1) In section 6103(l), as amended by section 1206(a) of
the Taxpayer Bill of Rights 2, by adding at the end the following
new paragraph:
‘‘(16) DISCLOSURE OF RETURN INFORMATION FOR PURPOSES
OF
ADMINISTERING
THE
DISTRICT
OF
COLUMBIA
RETIREMENT
PROTECTION ACT OF 1997.—
‘‘(A) IN
GENERAL.—Upon written request available
return information (including such information disclosed
to the Social Security Administration under paragraph (1)
or (5) of this subsection), relating to the amount of wage
income (as defined in section 3121(a) or 3401(a)), the name,
address, and identifying number assigned under section
6109, of payors of wage income, taxpayer identity (as
defined in subsection 6103(b)(6)), and the occupational sta-
tus reflected on any return filed by, or with respect to,
any individual with respect to whom eligibility for, or the
correct amount of, benefits under the District of Columbia
Retirement Protection Act of 1997, is sought to be deter-
mined, shall be disclosed by the Commissioner of Social
H. R. 2015—472
Security, or to the extent not available from the Social
Security Administration, by the Secretary, to any duly
authorized officer or employee of the Department of the
Treasury, or a Trustee or any designated officer or
employee of a Trustee (as defined in the District of Colum-
bia Retirement Protection Act of 1997), or any actuary
engaged by a Trustee under the terms of the District of
Columbia Retirement Protection Act of 1997, whose official
duties require such disclosure, solely for the purpose of,
and to the extent necessary in, determining an individual’s
eligibility for, or the correct amount of, benefits under
the District of Columbia Retirement Protection Act of 1997.
‘‘(B) DISCLOSURE FOR USE IN JUDICIAL OR ADMINISTRA-
TIVE PROCEEDINGS.—Return information disclosed to any
person under this paragraph may be disclosed in a judicial
or administrative proceeding relating to the determination
of an individual’s eligibility for, or the correct amount of,
benefits under the District of Columbia Retirement Protec-
tion Act of 1997.’’.
(2) In section 6103(a)(3), by striking ‘‘(6) or (12)’’ and insert-
ing ‘‘(6), (12), or (16)’’;
(3) In section 6103(i)(7)(B)(i), by inserting after ‘‘(other
than an agency referred to in subparagraph (A))’’ and before
the word ‘‘for’’ the words ‘‘or by a Trustee as defined in the
District of Columbia Retirement Protection Act of 1997,’’.
(4) In section 6103(p)(3)(A), by striking ‘‘or (15)’’ and insert-
ing ‘‘(15), or (16)’’.
(5) In section 6103(p)(4) in the matter preceding subpara-
graph (A), by striking ‘‘or (12)’’ and inserting ‘‘(12), or (16),
or any other person described in subsection (l)(16)’’.
(6) In section 6103(p)(4)(F)(i), by striking ‘‘or (9),’’ and
inserting ‘‘(9), or (16), or any other person described in sub-
section (l)(16)’’.
(7) In section 6103(p)(4)(F) in the matter following clause
(iii)—
(A) by inserting after ‘‘any such agency, body or
commission’’ and before the words ‘‘for the General Account-
ing Office’’ the words ‘‘, including an agency or any other
person described in subsection (l)(16),’’;
(B) by striking ‘‘to such agency, body, or commission’’
and inserting ‘‘to such agency, body, or commission, includ-
ing an agency or any other person described in subsection
(l)(16),’’;
(C) by striking ‘‘or (12)(B)’’ and inserting ‘‘, (12)(B),
or (16)’’;
(D) by inserting after the words ‘‘any agent,’’ and before
the words ‘‘this paragraph shall’’ the words ‘‘or any person
including an agent described in subsection (l)(16),’’;
(E) by inserting after the words ‘‘such agent’’ and before
‘‘(except that’’ the words ‘‘or other person’’; and
(F) by inserting after the words ‘‘an agent,’’ and before
the words ‘‘any report’’ the words ‘‘or any person including
an agent described in subsection (l)(16),’’.
(8) In section 7213(a)(2), by striking ‘‘or (15),’’ and inserting
‘‘(15), or (16)’’.
(c) CONFIDENTIALITY.—The Secretary may issue regulations
governing the confidentiality of the information obtained pursuant
H. R. 2015—473
to subsection (a) and the provisions of law amended by subsection
(b).
CHAPTER 4—DISTRICT OF COLUMBIA FEDERAL
PENSION LIABILITY TRUST FUND
SEC. 11031. CREATION OF TRUST FUND.
(a) ESTABLISHMENT.—There is established on the books of the
Treasury the District of Columbia Federal Pension Liability Trust
Fund, consisting of the assets transferred pursuant to section 11033
and any income earned on the investment of such assets pursuant
to subsection (b).
(b) INVESTMENT OF ASSETS.—The Trustee may invest the assets
of the Trust Fund in private securities and any other form of
investment deemed appropriate by the Secretary.
SEC. 11032. USES OF AMOUNTS IN TRUST FUND.
(a) IN GENERAL.—Amounts in the Trust Fund shall be used—
(1) to make Federal benefit payments under this subtitle;
(2) subject to subsection (b), to cover the reasonable and
necessary expenses of administering the Trust Fund under
the contract entered into pursuant to section 11035(b); and
(3) for such other purposes as are specified in this subtitle.
(b) SPECIAL RULES REGARDING ADMINISTRATIVE EXPENSES.—
(1) 
BUDGETING; 
CERTIFICATION
AND
APPROVAL.—The
administrative expenses of the Trust Fund shall be paid in
accordance with an annual budget set forth by the Trustee
which shall be subject to certification and approval by the
Secretary.
(2) USE
OF
DISTRICT
RETIREMENT
FUND
FOR
INTERIM
ADMINISTRATION.—The Secretary is authorized to requisition
from the District Retirement Fund such sums as are necessary
to administer the Trust Fund until assets are transferred to
the Trust Fund pursuant to section 11033.
SEC. 11033. TRANSFER OF ASSETS AND OBLIGATIONS OF DISTRICT
RETIREMENT FUNDS.
(a) IN GENERAL.—As of the replacement plan adoption date,
all obligations to make Federal benefit payments and all assets
of the District Retirement Fund as of the replacement plan adoption
date (except as provided in subsections (b) and (c)) shall be trans-
ferred to the Trust Fund.
(b) DESIGNATION
OF ASSETS
TO
BE RETAINED
BY DISTRICT
RETIREMENT FUND.—The Secretary shall designate assets with a
value of $1.275 billion that shall not be transferred from the District
Retirement Fund under subsection (a). The Secretary’s designation
and valuation of the assets shall be final and binding.
(c) EXCEPTION FOR CERTAIN EMPLOYEE CONTRIBUTIONS.—
(1) IN GENERAL.—Subsection (a) shall not apply to assets
consisting of the District Retirement Fund consisting of any
employee contributions deducted and withheld after the freeze
date or any interest thereon (computed at a rate and in a
manner determined by the Secretary).
(2) EMPLOYEE CONTRIBUTIONS DEFINED.—In paragraph (1),
the term ‘‘employee contributions’’ means amounts deducted
and withheld from the salaries of covered District employees
and paid to the District Retirement Fund (and, in the case
of teachers, amounts of additional deposits paid to the District
H. R. 2015—474
Retirement Fund), pursuant to the District Retirement Pro-
gram.
(d) RESPONSIBILITIES OF DISTRICT GOVERNMENT.—
(1) IN GENERAL.—The transfer of assets from the District
Retirement Fund under this section shall be made in accordance
with the direction of the Secretary. The District Government
shall promptly take all steps, and execute all documents, that
the Secretary deems necessary to effect the transfer.
(2) FINAL RECONCILIATION OF ACCOUNTS.—As soon as prac-
ticable after the replacement plan adoption date, the District
Government shall furnish the Trustee a final reconciliation
of accounts in connection with the transfer of assets and obliga-
tions to the Trust Fund. The allocation of assets under this
section shall be adjusted in accordance with this reconciliation.
SEC. 11034. TREATMENT OF TRUST FUND UNDER CERTAIN LAWS.
(a) INTERNAL REVENUE CODE.—For purposes of the Internal
Revenue Code of 1986—
(1) the Trust Fund shall be treated as a trust described
in section 401(a) of the Code which is exempt from taxation
under section 501(a) of the Code;
(2) any transfer to or distribution from the Trust Fund
shall be treated in the same manner as a transfer to or distribu-
tion from a trust described in section 401(a) of the Code; and
(3) the benefits provided by the Trust Fund shall be treated
as benefits provided under a governmental plan maintained
by the District of Columbia.
(b) ERISA.—For purposes of the Employee Retirement Income
Security Act of 1974, the benefits provided by the Trust Fund
shall be treated as benefits provided under a governmental plan
maintained by the District of Columbia.
(c) APPLICATION OF CERTAIN FUTURE AMENDMENTS TO INTERNAL
REVENUE CODE.—To the extent that any provision of subpart A
of part I of subchapter D of chapter 1 of the Internal Revenue
Code of 1986 (26 U.S.C. 401 et seq.) is amended after the date
of the enactment of this Act, such provision as amended shall
apply to the Trust Fund only to the extent the Secretary determines
that application of the provision as amended is consistent with
the administration of this subtitle.
SEC. 11035. ADMINISTRATION THROUGH TRUSTEE.
(a) IN GENERAL.—As soon as practicable after the enactment
of this subtitle, the Secretary shall select a Trustee to administer
the Trust Fund and otherwise carry out the responsibilities and
duties specified in this subtitle in accordance with the contract
described in subsection (b).
(b) CONTRACT.—The Secretary shall enter into a contract with
the Trustee to provide for the management, investment, control
and auditing of Trust Fund assets, the making of Federal benefit
payments under this subtitle from the Trust Fund, and such other
matters as the Secretary deems appropriate. The Secretary shall
enforce the provisions of the contract and otherwise monitor the
administration of the Trust Fund.
(c) REPORTS.—The Trustee shall report to the Secretary, in
a form and manner and at such intervals as the Secretary may
prescribe, on any matters or transactions relating to the Trust
Fund, including financial matters, as the Secretary may require.
H. R. 2015—475
CHAPTER 5—RESPONSIBILITIES OF DISTRICT
GOVERNMENT
SEC. 11041. INTERIM ADMINISTRATION.
(a) ADMINISTRATION
OF
BENEFITS
UNTIL
APPOINTMENT
OF
TRUSTEE.—Notwithstanding chapter 2, after the enactment of this
subtitle the District Government shall continue to discharge its
duties and responsibilities under the District Retirement Program
and the District Retirement Fund (as such duties and responsibil-
ities are modified by this subtitle), including the responsibility
for Federal benefit payments, until such time as the Secretary
notifies the District Government that the Secretary has directed
the Trustee to carry out the duties and responsibilities required
under the contract.
(b) REIMBURSEMENT FROM TRUST FUND.—The Trustee shall
reimburse the District Government for any administrative expenses
incurred by the District Government in carrying out subsection
(a)—
(1) if the Trustee finds such expenses to be reasonable
and necessary; and
(2) to the extent that the District Government is not
reimbursed for such expenses from other sources.
(c) MAKING DISTRICT RETIREMENT FUND WHOLE.—The District
Government shall reimburse the District Retirement Fund for any
benefits paid inconsistent with this subtitle from the District Retire-
ment Fund between the freeze date and the replacement plan
adoption date.
SEC. 11042. REPLACEMENT PLAN.
(a) ADOPTION BY DISTRICT GOVERNMENT.—Not later than one
year after the date of the enactment of this subtitle, the District
Government shall adopt a replacement plan for pension benefits
for covered District employees, effective as of the freeze date.
(b) REPLACEMENT PLAN IMPOSED IF DISTRICT GOVERNMENT
FAILS TO ADOPT PLAN.—If the District Government fails to adopt
a replacement plan within the period prescribed in subsection (a),
the retirement program applicable to police, firefighters, and teach-
ers under the laws of the District of Columbia in effect as of
June 1, 1997 (except as otherwise amended by this Act), including
all requirements of the program regarding benefits, contributions,
and cost-of-living adjustments, shall be treated as the replacement
plan for purposes of this subtitle.
(c) NO PAYMENT OF AMOUNTS PAID AS FEDERAL BENEFIT PAY-
MENT.—Notwithstanding any provision of the Reform Act or any
other law, rule, or regulation, the District Government is not
required to pay any amount under any replacement plan under
this subtitle if the amount is paid as a Federal benefit payment
under this subtitle.
CHAPTER 6—FINANCING OF BENEFIT PAYMENTS AFTER
DEPLETION OF TRUST FUND
SEC. 11051. CREATION OF FEDERAL SUPPLEMENTAL FUND.
(a) ESTABLISHMENT.—There is established on the books of the
Treasury the Federal Supplemental District of Columbia Pension
Fund, which shall be administered by the Secretary and shall
consist of the following assets:
H. R. 2015—476
(1) Amounts deposited into such Fund under the provisions
of this subtitle.
(2) Any amount otherwise appropriated to such Fund.
(3) Any income earned on the investment of the assets
of such Fund pursuant to subsection (b).
(b) INVESTMENT OF ASSETS.—The Secretary shall invest such
portion of the Federal Supplemental Fund as is not in the judgment
of the Secretary required to meet current withdrawals. Such invest-
ments shall be in public debt securities with maturities suitable
to the needs of the Federal Supplemental Fund, as determined
by the Secretary, and bearing interest at rates determined by
the Secretary, taking into consideration current market yields on
outstanding marketable obligations of the United States of com-
parable maturities.
(c) RECORDKEEPING
FOR ACTUARIAL STATUS.—The Secretary
shall provide for the keeping of such records as are necessary
for determining the actuarial status of the Federal Supplemental
Fund.
SEC. 11052. USES OF AMOUNTS IN FUND.
Amounts in the Federal Supplemental Fund shall be used
for the accumulation of funds in order to finance obligations of
the Federal Government for benefits and necessary administrative
expenses under the provisions of this subtitle, in accordance with
the methodology selected by the Secretary under section 11054(b),
except that payments from the Fund for administrative expenses
may be made only the extent and in such amounts as are provided
in advance in appropriations acts.
SEC. 11053. DETERMINATION OF ANNUAL PAYMENT INTO FEDERAL
SUPPLEMENTAL FUND.
(a) IN GENERAL.—At the end of each applicable fiscal year
the Secretary shall promptly pay into the Federal Supplemental
Fund from the General Fund of the Treasury an amount equal
to the sum of—
(1) the annual amortization amount for the year (which
may not be less than zero); and
(2) the covered administrative expenses for the year.
(b) DETERMINATION OF AMOUNTS.—For purposes of this section:
(1) The ‘‘original unfunded liability’’ is the amount that
is the present value as of the freeze date of future benefits
payable from the Federal Supplemental Fund.
(2) The ‘‘annual amortization amount’’ is the amount deter-
mined by the enrolled actuary to be necessary to amortize
in equal annual installments (until fully amortized)—
(A) the original unfunded liability over a 30-year
period;
(B) a net experience gain or loss over a 10-year period;
and
(C) any other changes in actuarial liability over a 20-
year period.
(3) The ‘‘covered administrative expenses’’ are the expenses
determined by the Secretary (on an annual basis) to be nec-
essary to administer the Federal Supplemental Fund.
(c) TIMING.—The first applicable fiscal year under subsection
(a) is the first fiscal year that ends more than six months after
the replacement plan adoption date.