[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2574 Introduced in House (IH)]


104th CONGRESS
  1st Session
                                H. R. 2574

 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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 1, 1995

   Mr. Wynn introduced the following bill; which was referred to the 
              Committee on Government Reform and Oversight

_______________________________________________________________________

                                 A BILL


 
 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AMENDMENTS.

    Section 8339(h) of title 5, United States Code, is amended--
            (1) by striking ``(h) The'' inserting ``(h)(1) Subject to 
        paragraph (2), the''; and
            (2) by adding at the end the following:
    ``(2) In the case of an employee who separates on or after the date 
of the enactment of this paragraph, and who is at least 50 years of age 
as of the date of separation, the first sentence of paragraph (1) shall 
be applied by substituting for `\1/6\' a fraction determined as 
follows:

``If, as of the date of separation,
                                                         The applicable
  the employee is--
                                                          fraction is--
        At least 50 but less than 51 years of age..........\7/48\      
        At least 51 but less than 52 years of age.......... \1/8\      
        At least 52 but less than 53 years of age..........\1/12\      
        At least 53 but less than 54 years of age..........\1/16\      
        At least 54 but less than 55 years of age........\1/24\.''.    
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