[Congressional Record Volume 159, Number 181 (Thursday, December 19, 2013)]
[Extensions of Remarks]
[Page E1906]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               CONTINUING APPROPRIATIONS RESOLUTION, 2014

                                 ______
                                 

                               speech of

                             HON. PAUL RYAN

                              of wisconsin

                    in the house of representatives

                      Thursday, December 12, 2013

  Mr. RYAN of Wisconsin. Mr. Speaker, Section 401 creates a new 
category of employee called a ``Further Revised Annuity Employee'' and 
would require Further Revised Annuity Employees to contribute 
additional amounts into the CRSDF. It is the intent of Congress for OPM 
to create a new normal cost for the Further Revised Annuity Employees, 
and to ensure that the retirement plan not be underfunded.
  Additionally, it is the intent that for the new Further Revised 
Annuity Employee Plan that the only determinant of whether an 
individual is a FERS employee or Member, as opposed to a FERS Revised 
Annuity Employee or FERS Further Revised Annuity Employee, is through 
application of the FERS Revised Annuity Employee test. And that the new 
Further Revised Annuity Employee test only differentiates between FERS 
Revised Annuity Employee coverage and new FERS Further Revised Annuity 
Employee coverage.

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