Federal Reserve Board Retirement Portability Act

Summary

Federal Reserve Board Retirement Portability Act - Includes as creditable service for purposes of provisions governing the Federal Employees Retirement System (FERS) a period of service of an employee or Member of Congress (other than any service already creditable under FERS, any military service, and any service performed in the employ of a Federal Reserve Bank) that was creditable under the Bank Plan (the benefit structure in which employees of the Board of Governors of the Federal Reserve System appointed on or after January 1, 1984, participate), if the employee waives credit for such service under the Bank Plan and makes a payment to the Thrift Savings Fund equal to the amount that would have been deducted from pay had the employee been subject to FERS during such period of service (together with interest on such amount computed). Excludes from the applicability of FERS provisions any employee or Member who has separated from civilian service after having been subject to the benefit structure for employees of the Board appointed before January 1, 1984, and having at least five years of civilian service (other than any service performed in the employ of a Federal Reserve Bank) creditable under such benefit structure, with specified exceptions for such persons who subsequently become subject to the Bank Plan and FERS provisions.

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Documents

10 official files

• Referred in Senate (text)

  Referred in Senate · EN · 17 March 1999

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• Referred in Senate (PDF)

  Referred in Senate · EN · 17 March 1999

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• Reported in House (text)

  Reported in House · EN · 16 March 1999

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• Reported in House (PDF)

  Reported in House · EN · 16 March 1999

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• Engrossed in House (text)

  Engrossed in House · EN · 16 March 1999

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• Engrossed in House (PDF)

  Engrossed in House · EN · 16 March 1999

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• Passed House amended

  summary · EN · 16 March 1999

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• Introduced in House (text)

  Introduced in House · EN · 23 February 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 23 February 1999

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• Introduced in House

  summary · EN · 23 February 1999

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