To amend certain provisions of title 5, United States Code, relating to the treatment of Members of Congress and Congressional employees for retirement purposes.
Congressional Annuity Reform Act of 1997 - Amends provisions concerning the Civil Service Retirement System (CSRS) to: (1) limit the maximum CSRS annuity payable to Members of Congress with respect to cost of living adjustments (COLAs) to the final pay (or average pay, if higher) of the Member with respect to whom the annuity is paid; and (2) make other changes in the formula for computation of CSRS and Federal Employees' Retirement System (FERS) annuities payable to Members and congressional employees.
Provides for the deduction and withholding of seven percent (currently, eight and seven and a half percent, respectively) of the basic pay of a member or congressional employee under CSRS (thus making such deduction and withholding equivalent to that of a Federal employee).
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR H457, E227)
Referred to House Government Reform
Referred to the Committee on Government Reform and Oversight, and in addition to the Committee on House Oversight, 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.
Referred to House Oversight
Referred to the Subcommittee on Civil Service.
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