Sec. 401. Increase in contributions to Federal Employees Retirement System for new employees
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/bill/113/hjres/59/enr/section-401·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 8401 of title 5, United States Code, is amended— in paragraph (36), by striking and at the end; in paragraph (37), by striking the period and inserting ; and ; and by adding at the end the following: the term further revised annuity employee means any individual who— on December 31, 2013— is not an employee or Member covered under this chapter; is not performing civilian service which is creditable service under section 8411; and has less than 5 years of creditable civilian service under section 8411; and after December 31, 2013, becomes employed as an employee or becomes a Member covered under this chapter performing service which is creditable service under section 8411. .
Section 8401(37)(B) of title 5, United States Code, is amended by inserting and before January 1, 2014, after after December 31, 2012, . Section 8422(a)(3) of title 5, United States Code, is amended— in subparagraph (A), by inserting or further revised annuity employees after revised annuity employees ; and by adding at the end the following: The applicable percentage under this paragraph for civilian service by further revised annuity employees shall be as follows: Employee 10.6 After December 31, 2013.
Congressional employee 10.6 After December 31, 2013. Member 10.6 After December 31, 2013. Law enforcement officer, firefighter, member of the Capitol Police, member of the Supreme Court Police, or air traffic controller 11.1 After December 31, 2013. Nuclear materials courier 11.1 After December 31, 2013. Customs and border protection officer 11.1 After December 31, 2013. . Section 8423(a)(2) of title 5, United States Code, is amended— by striking
(2)and inserting (2)(A) ; and by adding at the end the following: Subject to clauses
(ii)and (iii), for purposes of any period in any year beginning after December 31, 2013, the normal-cost percentage under this subsection shall be determined and applied as if section 401(b) of the Bipartisan Budget Act of 2013 had not been enacted. Any contributions under this subsection in excess of the amounts which (but for clause (i)) would otherwise have been payable shall be applied toward reducing the unfunded liability of the Civil Service Retirement System. After the unfunded liability of the Civil Service Retirement System has been eliminated, as determined by the Office, Government contributions under this subsection shall be determined and made disregarding this subparagraph. The preceding provisions of this subparagraph shall be disregarded for purposes of determining the contributions payable by the United States Postal Service and the Postal Regulatory Commission. . Section 8415(d) of title 5, United States Code, is amended by inserting or a further revised annuity employee after a revised annuity employee .