Title: Congressional Pension Reform Act
Policy area: Congress

Summary:
Congressional Pension Reform Act
This bill modifies the Federal Employees Retirement System (FERS) to exclude Members of Congress, except the Vice President, from FERS retirement coverage after the enactment of this bill.
The bill prohibits further government contributions or deductions from a Member's basic pay for deposit in the Treasury to the credit of the Civil Service Retirement and Disability Fund.
The bill does not affect the rights or benefits of any Member for the period prior to the enactment of this bill, nor does it affect the eligibility of a member to participate in the Thrift Savings Plan.
Members may elect to remain subject to FERS by filing a written election within 90 days after the enactment of this bill.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1935 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 1935

To amend title 5, United States Code, to provide for the termination of 
 further retirement coverage for Members of Congress under the Federal 
    Employees' Retirement System, except for the right to continue 
   participating in the Thrift Savings Plan, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 5, 2017

Mr. Gallagher introduced the following bill; which was referred to the 
Committee on House Administration, and in addition to the Committee on 
   Oversight and Government Reform, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
To amend title 5, United States Code, to provide for the termination of 
 further retirement coverage for Members of Congress under the Federal 
    Employees' Retirement System, except for the right to continue 
   participating in the Thrift Savings Plan, 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. SHORT TITLE.

    This Act may be cited as the ``Congressional Pension Reform Act''.

SEC. 2. TERMINATION OF RETIREMENT COVERAGE OF MEMBERS OF CONGRESS UNDER 
              FEDERAL EMPLOYEES' RETIREMENT SYSTEM.

    (a) In General.--Subchapter II of chapter 84 of title 5, United 
States Code, is amended by inserting after section 8425 the following:
``Sec. 8425a. Termination of further retirement coverage of Members of 
              Congress
    ``(a) In General.--Notwithstanding any other provision of this 
chapter, effective as of the date of enactment of this section--
            ``(1) subject to subsection (f), in the case of an 
        individual who first becomes a Member before such date of 
        enactment--
                    ``(A) such Member shall not be subject to this 
                chapter for any further period of time after such date 
                of enactment; and
                    ``(B) no further Government contributions or 
                deductions from basic pay may be made with respect to 
                such Member for deposit in the Treasury of the United 
                States to the credit of the Fund; and
            ``(2) in the case of an individual who first becomes a 
        Member on or after such date of enactment--
                    ``(A) such Member shall not be subject to this 
                chapter; and
                    ``(B) no Government contributions or deductions 
                from basic pay may be made with respect to such Member 
                for deposit in the Treasury of the United States to the 
                credit of the Fund.
    ``(b) Prior Rights Not Affected.--Nothing in subsection (a) shall 
be considered to nullify, modify, or otherwise affect any right, 
entitlement, or benefit under this chapter with respect to any Member 
covering any period prior to the date of enactment of this section.
    ``(c) Right To Participate in Thrift Savings Plan Not Affected.--
Nothing in subsection (a) or (b) shall affect the eligibility of a 
Member to participate in the Thrift Savings Plan in accordance with 
otherwise applicable provisions of law.
    ``(d) Regulations.--
            ``(1) In general.--Any regulations necessary to carry out 
        this section may--
                    ``(A) except with respect to matters under 
                subparagraph (B), be prescribed by the Director of the 
                Office of Personnel Management; and
                    ``(B) with respect to matters relating to the 
                Thrift Savings Plan, be prescribed by the Executive 
                Director (as defined by section 8401(13)).
            ``(2) Refunds.--Notwithstanding subsection (b), the 
        regulations under paragraph (1)(A) shall, in the case of a 
        Member who has not completed at least 5 years of civilian 
        service as of the date of enactment of this section, provide 
        that the lump-sum credit shall be payable to such Member to the 
        same extent and in the same manner as if such Member satisfied 
        paragraphs (1) through (4) of section 8424(a) as of such date 
        of enactment.
    ``(e) Exclusions.--For purposes of this section, the term `Member' 
does not include the Vice President.
    ``(f) Opt-In for Members.--Not later than 90 days after the date of 
enactment of this section, a Member covered by this chapter as of such 
date may elect, by giving notice in writing to the official by whom 
such Member is paid, to remain subject to this chapter.''.
    (b) Clerical Amendment.--The table of sections at the beginning of 
chapter 84 of title 5, United States Code, is amended by inserting 
after the item relating to section 8425 the following:

``8425a. Termination of further retirement coverage of Members of 
                            Congress.''.
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