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To allow certain individuals with prior service under the District of Columbia retirement system to make deposits towards annuities under the Civil Service Retirement System and the Federal Employees Retirement System, and for other purposes.
12/31/2022, 5:05 AM
Summary of Bill HR 4604
Bill 117 hr 4604, also known as the "District of Columbia Retirement Restoration Act," aims to provide individuals who have previously served under the District of Columbia retirement system the opportunity to make deposits towards annuities under the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS). This bill would allow these individuals to transfer their prior service credits from the DC retirement system to the federal retirement systems, potentially increasing their retirement benefits.
The bill also includes provisions for individuals who have served in both the DC retirement system and the federal retirement systems to make deposits towards their annuities, ensuring that their prior service is properly accounted for in their retirement benefits calculations. Additionally, the bill addresses other related issues and purposes to streamline the process for individuals seeking to transfer their retirement credits.
Overall, the District of Columbia Retirement Restoration Act aims to provide a pathway for individuals with prior service under the DC retirement system to enhance their retirement benefits by allowing them to make deposits towards annuities under the CSRS and FERS. This bill seeks to ensure fairness and equity for these individuals as they transition between different retirement systems.
The bill also includes provisions for individuals who have served in both the DC retirement system and the federal retirement systems to make deposits towards their annuities, ensuring that their prior service is properly accounted for in their retirement benefits calculations. Additionally, the bill addresses other related issues and purposes to streamline the process for individuals seeking to transfer their retirement credits.
Overall, the District of Columbia Retirement Restoration Act aims to provide a pathway for individuals with prior service under the DC retirement system to enhance their retirement benefits by allowing them to make deposits towards annuities under the CSRS and FERS. This bill seeks to ensure fairness and equity for these individuals as they transition between different retirement systems.
Congressional Summary of HR 4604
This bill allows certain individuals with prior service in the District of Columbia government to contribute towards their annuities under the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS). Specifically, the bill allows certain individuals who were previously under the District's retirement system and were transferred to the CSRS and FERS in 1997 (e.g., certain employees of the District's criminal justice system) to contribute toward annuities stemming from their prior qualifying service.
Read the Full Bill
Current Status of Bill HR 4604
Bill HR 4604 is currently in the status of Bill Introduced since July 21, 2021. Bill HR 4604 was introduced during Congress 117 and was introduced to the House on July 21, 2021. Bill HR 4604's most recent activity was Referred to the House Committee on Oversight and Reform. as of July 21, 2021
Bipartisan Support of Bill HR 4604
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4604
Primary Policy Focus
Government Operations and PoliticsAlternate Title(s) of Bill HR 4604
To allow certain individuals with prior service under the District of Columbia retirement system to make deposits towards annuities under the Civil Service Retirement System and the Federal Employees Retirement System, and for other purposes.
To allow certain individuals with prior service under the District of Columbia retirement system to make deposits towards annuities under the Civil Service Retirement System and the Federal Employees Retirement System, and for other purposes.
Comments
Sponsors and Cosponsors of HR 4604
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