Government Employee Pension Reform Act of 2015

Bill: 114-hr-1230
Sponsor: full_name: Rep. Westerman, Bruce [R-AR-4]
Introduced: 2015-03-03
Policy area: Government Operations and Politics
Subjects: Government employee pay, benefits, personnel management
Latest action: action_date: 2015-03-03
text: Referred to the House Committee on Oversight and Government Reform.

Summaries:
action_date: 2015-03-03
action_desc: Introduced in House
text: <p><strong>Government Employee Pension Reform Act of 2015 </strong></p> <p>This bill revises the definition of &quot;average pay&quot; for purposes of federal employee pensions under the Civil Service Retirement System and the Federal Employees Retirement System to mean the largest annual rate resulting from averaging rates of base pay over any five (currently, three) consecutive years of creditable service. This change will take effect on January 1, 2017. </p>

tv_txt: I 114th CONGRESS 1st Session H. R. 1230 IN THE HOUSE OF REPRESENTATIVES March 3, 2015 Mr. Westerman introduced the following bill; which was referred to the Committee on Oversight and Government Reform A BILL To amend title 5, United States Code, to adjust the calculation of average pay for purposes of Federal civilian annuities.

1. Short title This Act may be cited as the Government Employee Pension Reform Act of 2015 . 2. Civil Service Retirement System Section 8331(4) of title 5, United States Code, is amended— (1) by striking 3 consecutive years and inserting 5 consecutive years ; and (2) by striking 3 years and inserting 5 years . 3. Federal Employees’ Retirement System Section 8401(3) of title 5, United States Code, is amended— (1) by striking 3 consecutive years and inserting 5 consecutive years ; and (2) by striking 3 years and inserting 5 years . 4. Conversion calculation Section 302(a)(6)(A) of the Federal Employees’ Retirement System Act of 1986 ( 5 U.S.C. 8331 note) is amended— (1) by striking 3 consecutive years and inserting 5 consecutive years ; and (2) by striking 3 years and inserting 5 years . 5. Effective date The amendments made by this Act shall take effect on January 1, 2017.