A bill to provide for the actuarial soundness of the Civil Service Retirement and disability Fund through a financing plan which will be fair and equitable to Federal employees and to the taxpayers.

Requires the Civil Service Commission to devise and submit to Congress a plan to assure the actuarial soundness of the Civil Service Retirement and Disability Fund. Requires such plan to provide for the annual general Federal contribution determined by specified bases and contributions by the Federal employing agency and Federal employees based upon the basic salaries of such employees.