[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3910 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3910

To amend title 5, United States Code, to allow any Federal employee who 
   has performed sufficient service to entitle such employee to the 
maximum annuity percentage allowable under the Civil Service Retirement 
          System to terminate retirement deductions from pay.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 18, 2007

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

_______________________________________________________________________

                                 A BILL


 
To amend title 5, United States Code, to allow any Federal employee who 
   has performed sufficient service to entitle such employee to the 
maximum annuity percentage allowable under the Civil Service Retirement 
          System to terminate retirement deductions from pay.

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

SECTION 1. ELECTION TO TERMINATE RETIREMENT DEDUCTIONS.

    (a) In General.--Section 8334 of title 5, United States Code, is 
amended by adding at the end the following:
    ``(o)(1) The Office of Personnel Management shall prescribe 
regulations under which an employee may, in accordance with succeeding 
provisions of this subsection, elect to terminate retirement deductions 
from the basic pay of such employee under subsection (a)(1)(A).
    ``(2) An election under this subsection shall take effect as of the 
first day of the first month which begins after the latest of--
            ``(A) the date of the election;
            ``(B) the date as of which the employee has performed 
        sufficient service (excluding service which the employee elects 
        to eliminate for the purpose of annuity computation under 
        section 8339) to entitle such employee to the maximum annuity 
        provided by section 8339; or
            ``(C) such date as the employee may specify at the time of 
        the election.
    ``(3) In the case of an election which does not take effect until 
after the first day of the first month following the date described in 
subparagraph (B) of paragraph (2), section 8342(h) shall apply, in 
accordance with its terms, until the effective date of the election.
    ``(4) An employee making an election under this subsection does 
not, by virtue of such election--
            ``(A) cease to be subject to this subchapter for purposes 
        of section 8333(b);
            ``(B) forfeit the right to have any subsequently accruing 
        sick leave taken into account for purposes of section 8339(m);
            ``(C) forfeit the right to have a subsequent rate of basic 
        pay taken into account for purposes of determining average pay;
            ``(D) cease to be eligible to continue contributing to the 
        Thrift Savings Fund; or
            ``(E) cease to be eligible to make (by a means other than 
        deductions under section 8342(h)) any deposit remaining due 
        under this section.''.
    (b) Effect on Deductions and Contributions.--Section 8334(c) of 
title 5, United States Code, is amended by adding at the end the 
following: ``Notwithstanding any other provision of this subsection, in 
the case of an employee who makes an election under subsection (o), the 
applicable percentage under this subsection is, with respect to basic 
pay for any period of service performed on or after the effective date 
of such election, zero.''
    (c) Effective Date.--The election provided by this Act shall be 
made available beginning not later than 90 days after the date of the 
enactment of this Act.
                                 <all>