H.R. 981 (112th): To allow Members of Congress to decline certain retirement benefits and contributions by the Federal Government, and ...

...for other purposes.

112th Congress, 2011–2013. Text as of Mar 09, 2011 (Introduced).

Status & Summary | PDF | Source: GPO

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112th CONGRESS

1st Session

H. R. 981

IN THE HOUSE OF REPRESENTATIVES

March 9, 2011

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 allow Members of Congress to decline certain retirement benefits and contributions by the Federal Government, and for other purposes.

1.

Short title

This Act may be cited as the Congress is Not a Career Act.

2.

Granting Members of Congress the option to decline certain benefits

(a)

Federal Employees Retirement System opt out

Section 8401(20) of title 5, United States Code, is amended by striking , and who and all that follows through 2004.

(b)

Thrift Savings Plan agency contribution opt out

Section 8432(c) of such title is amended by adding at the end the following:

(4)
(A)

Notwithstanding any other provision of this subsection, contributions under paragraphs (1) through (3) may not be made in the case of any Member who makes an election under subparagraph (B).

(B)

Any Member may, by written notice to the official by whom such Member is paid, elect not to receive contributions under this subsection. An election under this subparagraph—

(i)

shall be effective with respect to pay periods beginning on or after the date on which such election is made; and

(ii)

shall be irrevocable.

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