LEO Fair Retirement Act of 2023

Hozzl · 2024-01-23T08:15:19Z

Explore the details of House Bill 1323 LEO Fair Retirement Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Government Operations and Politics. Stay informed on legislative developments.

1/23/2024, 8:15 AM

Summary of Bill HR 1323

Bill 118 HR 1323, also known as the LEO Fair Retirement Act of 2023, is a piece of legislation currently being considered by the US Congress. The bill aims to address issues related to retirement benefits for law enforcement officers (LEOs) by making changes to the Federal Employees Retirement System (FERS).

One of the key provisions of the bill is the establishment of a new retirement tier specifically for LEOs within FERS. This new tier would provide LEOs with enhanced retirement benefits, including the ability to retire earlier and receive higher annuities compared to other federal employees.

Additionally, the bill seeks to address disparities in retirement benefits between LEOs who work in different agencies. Currently, LEOs who work for certain agencies, such as the Department of Homeland Security, receive lower retirement benefits compared to LEOs who work for other agencies. The LEO Fair Retirement Act of 2023 aims to standardize retirement benefits for all LEOs, regardless of the agency they work for. Overall, the goal of Bill 118 HR 1323 is to ensure that LEOs receive fair and equitable retirement benefits for their service and sacrifice. The bill is currently being debated in Congress, and its ultimate fate will depend on the support it receives from lawmakers.

Congressional Summary of HR 1323

LEO Fair Retirement Act of 2023

This bill makes a series of changes to certain retirement and premium pay calculations for federal law enforcement officers (LEOs).

Specifically, the bill provides that for purposes of computing the annuity of an LEO under the Civil Service Retirement System and the Federal Employees Retirement System, any premium pay earned by such LEO in excess of limitations imposed on such pay shall be included in the LEO's average pay, contingent on the payment of a specified lump sum by the LEO to the Office of Personnel Management. The bill allows for a nonrefundable tax credit with respect to such lump-sum payments.

The bill also makes postal inspectors, federal air marshals, and other specified personnel eligible for availability pay (i.e., premium pay paid to LEOs who are criminal investigators).

Read the Full Bill

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Current Status of Bill HR 1323

Bill HR 1323 is currently in the status of Bill Introduced since March 1, 2023. Bill HR 1323 was introduced during Congress 118 and was introduced to the House on March 1, 2023. Bill HR 1323's most recent activity was Referred to the Committee on Oversight and Accountability, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of March 1, 2023

Bipartisan Support of Bill HR 1323

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Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 1323

Primary Policy Focus

Government Operations and Politics

Alternate Title(s) of Bill HR 1323

LEO Fair Retirement Act of 2023

To amend title 5, United States Code, to provide that for purposes of computing the annuity of certain law enforcement officers, any hours worked in excess of the limitation applicable to law enforcement premium pay shall be included in such computation, and for other purposes.