S.1678 - Public-Private Employee Retirement Parity Act113th Congress (2013-2014)
|Sponsor:||Sen. Burr, Richard [R-NC] (Introduced 11/12/2013)|
|Committees:||Senate - Homeland Security and Governmental Affairs|
|Latest Action:||Senate - 11/12/2013 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (All Actions)|
This bill has the status Introduced
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Summary: S.1678 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in Senate (11/12/2013)
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.
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.