To amend the provisions of title 5, United States Code, that provide for a 2 percent reduction in retirement benefits for each year that the employee is under age 55 at the time of retiring.

Summary

Amends Federal civil service law with respect to the Federal Civil Service Retirement System to modify annuity computations for certain early retirees at least 50 years old, replacing the current fixed percentage reduction (generally one-sixth of 1 percent per month) with a graduated scale of several different fixed percentage reductions lower than the current ones, applicable according to the retiree's particular under-55 age group.

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Timeline

1. 1 November 1995

   Introduced

   Referred to the House Committee on Government Reform and Oversight. Educational Opportunities, 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.

   Source: IntroReferral

2. 1 November 1995

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 November 1995

   Introduced

   Introduced in House

   Source: IntroReferral

4. 3 November 1995

   Referred

   Referred to the Subcommittee on Civil Service.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 November 1995 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 November 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 November 1995

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 November 1995

  Open at official source

Sponsors

• Rep. Wynn, Albert Russell [D-MD-4] · D · Sponsor
• · hsgo00 · Standing

Related records

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