Public-Private Employee Retirement Parity Act

Bill: 113-s-1678
Sponsor: full_name: Sen. Burr, Richard [R-NC]
Introduced: 2013-11-12
Policy area: Government Operations and Politics
Subjects: Accounting and auditing

Government employee pay, benefits, personnel management

Government information and archives

Military personnel and dependents
Latest action: action_date: 2013-11-12
text: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Summaries:
action_date: 2013-11-12
action_desc: Introduced in Senate
text: <p>Public-Private Employee Retirement Parity Act - Excludes as creditable service under the Federal Employees Retirement System (FERS) any service performed by an federal employee or Member of Congress (including military service) after the date that is six months after enactment of this Act, if that individual did not perform any period of creditable service (including military service) before such date. Prohibits an employing agency from making any deduction or withholding from the basic pay of, or any contribution for, any employee or Member for such excluded service.</p> <p>Modifies the reporting requirements of the Board of Actuaries of the Civil Service Retirement System (CSRS) to require: (1) its annual reports on the actuarial status of CSRS and FERS submitted after the enactment of this Act to be made available online, and (2) all previous reports prepared on or after June 6, 1986, to be made available online.</p>

tv_txt: II 113th CONGRESS 1st Session S. 1678 IN THE SENATE OF THE UNITED STATES November 12, 2013 Mr. Burr (for himself, Mr. Coburn , and Mr. Chambliss ) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To amend subchapter II of chapter 84 of title 5, United States Code, to prohibit coverage for annuity purposes for new Federal employees, and for other purposes.

1. Short title This Act may be cited as the Public-Private Employee Retirement Parity Act . 2. Termination of annuities under the Federal Employees Retirement System (a) Creditable service Section 8411 of title 5, United States Code, is amended— (1) in subsection (b)(1), by inserting except as provided under subsection (m), after (1) ; and (2) by adding at the end the following: (m) Notwithstanding any other provision of this section, any period of service performed by an employee or Member on or after the date that is 6 months after the date of enactment of the Public-Private Employee Retirement Parity Act shall not be creditable service for purposes of this subchapter, if that employee or Member did not perform any period of creditable service under this section before the date that is 6 months after the date of enactment of the Public-Private Employee Retirement Parity Act (including any military service creditable under subsection (c)). . (b) Employee contributions Section 8422 of title 5, United States Code, is amended— (1) in subsection (a)(1), by striking The and inserting Except as provided under subsection (j), the ; and (2) by adding at the end the following: (j) Notwithstanding any other provision of this section, an employing agency shall not make any deduction or withholding under this section from the basic pay of any employee or Member for any period of service performed on or after the date that is 6 months after the date of enactment of the Public-Private Employee Retirement Parity Act , if that period of service is not creditable service under section 8411(m). . (c) Agency contributions Section 8423 of title 5, United States Code, is amended— (1) in subsection (a)(1), by striking Each and inserting Except as provided under subsection (d), each ; and (2) by adding at the end the following: (d) Notwithstanding any other provision of this section, an employing agency shall not make any contribution under this section for any employee or Member for any period of service performed on or after the date that is 6 months after the date of enactment of the Public-Private Employee Retirement Parity Act , if that period of service is not creditable service under section 8411(m). . (d) Limitation on credit for military service (1) In general Section 8411(c) of title 5, United States Code, is amended— (A) in paragraph (1), by striking paragraphs (2), (3), and (5) and inserting paragraphs (2), (3), (5), and (6) ; and (B) by adding at the end the following: (6) Notwithstanding any other provision of this subsection, any period of military service performed on or after the date that is 6 months after the date of enactment of the Public-Private Employee Retirement Parity Act shall not be allowed credit under this subchapter, if the employee or Member did not perform any period of creditable service under this section before the date that is 6 months after the date of enactment of the Public-Private Employee Retirement Parity Act . . (2) Contributions Section 8422(e)(1)(A) of title 5, United States Code, is amended by striking Except as provided in subparagraph (B), and subject to paragraph (6), and inserting Except as provided under section 8411(c)(6) and subparagraph (B) of this paragraph, and subject to paragraph (6) of this subsection, . 3. Reporting regarding CSRDF (a) In general Section 8347(f) of title 5, United States Code, is amended by striking The Board shall report annually on the actuarial status of the System and inserting Not later than 6 months after the date of enactment of the Public-Private Employee Retirement Parity Act , and every year thereafter, the Board shall issue an annual report, including making the report available online, on the actuarial status of the System and the Federal Employees Retirement System under chapter 84 . (b) Availability of previous reports The Board of Actuaries of the Civil Service Retirement System shall make available online all reports under section 8347(f) prepared on or after June 6, 1986.