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H.R. 2357 (113th): To amend title 5, United States Code, to provide that Members must complete 12 years of creditable service in order to be vested in an annuity under the Federal Employees’ Retirement System, and for other purposes.

The text of the bill below is as of Jun 13, 2013 (Introduced).

I

113th CONGRESS

1st Session

H. R. 2357

IN THE HOUSE OF REPRESENTATIVES

June 13, 2013

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 that Members must complete 12 years of creditable service in order to be vested in an annuity under the Federal Employees’ Retirement System, and for other purposes.

1.

Amendment to FERS annuity for Members of Congress

(a)

In general

Section 8410 of title 5, United States Code, is amended by striking or Member and inserting after 8411 the following: , and a Member must complete at least 12 years of such service creditable under such section,.

(b)

Immediate retirement

Section 8412 of such title is amended—

(1)

in subsection (c), by striking or Member and by adding at the end the following: A Member who is separated from the service after becoming 62 years of age and completing 12 years of service is entitled to an annuity.; and

(2)

in subsection (g), by striking or Member each place it appears.

(c)

Deferred retirement

Section 8413 of such title is amended—

(1)

in subsection (a), by striking or Member each place it appears and by adding at the end the following: A Member who is separated from the service, or transferred to a position in which the Member does not continue subject to this chapter, after completing 12 years of service is entitled to an annuity beginning at the age of 62 years.; and

(2)

in subsection (b), by striking or Member each place it appears.

(d)

Computation of annuity

Section 8415 of such title is amended—

(1)

in subsection (b), by striking 5 years and inserting 12 years; and

(2)

in subsection (c), by striking or Member and inserting the following: , or 12 years of service as a Member,.

2.

Application and effective date

(a)

In general

The amendments made by section 1 shall take effect on the first day of the 114th Congress, but shall not apply to an individual who served as a Member at any time before such first day.

(b)

Definition

For purposes of this section, the term Member has the meaning given such term in section 8401(20) of title 5, United States Code.