Section 1 Short title
This Act may be cited as the “Federal Employee Pension Fairness Act of 2017”.
Federal Employee Pension Fairness Act of 2017
A BILL
To repeal the revised annuity employee and further revised annuity employee categories within the Federal Employees Retirement System, and for other purposes.
Sec. 2 Repeal of FERS revised and further revised annuitant categories
Repeal of annuity computation— Section 8415 of title 5, United States Code, is amended by striking subsection (d).
Repeal of annuitant categories— Section 8422(a)(3) of title 5, United States Code, is amended—
by striking “other than revised annuity employees or further revised annuity employees”; and
by striking subparagraphs (B) and (C).
Repeal of Government contributions— Section 8423(a) of title 5, United States Code, is amended by striking paragraph (2) and inserting the following:
“(2) In determining any normal-cost percentage to be applied under this subsection, amounts provided for under section 8422 shall be taken into account.”
in paragraph (35)(B), by striking the semi-colon at the end and inserting “; and”;
in paragraph (36), by striking “; and” at the end and inserting a period; and
by striking paragraphs (37) and (38).
Application—
In general— The amendments made by this section shall apply on the first day of the first pay period beginning after the date of enactment of this Act.
Treatment of former revised or further revised annuitants— Any individual who, as of the date of enactment of this Act, was a revised annuity employee or a further revised annuity employee (but for the amendments made by this section) shall be deemed to be an employee or Member (as those terms are defined in section 8401 of title 5, United States Code) for purposes of chapter 84 of such title.
Sec. 3 Repeal of Foreign Service revised or further revised annuity participant categories
Repeal of annuitant categories— Section 856(a) of the Foreign Service Act of 1980 (22 U.S.C. 4071e(a)) is amended by striking paragraph (2) and inserting the following:
“(2) The applicable percentage for a participant other than a revised annuity participant or a further revised annuity participant shall be as follows:”
Government contribution— Section 857 of the Foreign Service Act of 1980 (22 U.S.C. 4071f) is amended by striking subsection (c).
by striking paragraphs (7) and (8); and
by redesignating paragraphs (9), (10), and (11) as paragraphs (7), (8), and (9), respectively.
Application—
In general— The amendments made by this section shall apply on the first day of the first pay period beginning after the date of enactment of this Act.
Treatment of former revised or further revised annuitants— Any individual who, as of the date of enactment of this Act, was a revised annuity participant or a further revised annuity participant (but for the amendments made by this section) shall be deemed to be a participant (as that term is defined in section 852 of the Foreign Service Act of 1980 (22 U.S.C. 4071a)) for purposes of the Foreign Service pension system.