HR 388
100th Congress
House
Government Operations and Politics
Annuities
Civil Service pensions
Civil service retirement
Federal employees
Federal employees and officials
Income tax
Retirement income
Tax exclusion
Tax-deferred compensation plans
A bill to amend title 5, United States Code, to provide that annuities under chapter 83 or 84 of such title be treated, for Federal income tax purposes, as if the 3-year basis recovery rule had never been repealed; and to require that the Office of Personnel Management conduct a study relating to the consequences which retroactively repealing such rule would have with respect to Federal personnel management, morale within the Federal civilian workforce, and individual retirement planning.
Introduced: January 6, 1987
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Everywhere this bill has been
7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 19, 1987
Forwarded by Subcommittee to Full Committee.
May 19, 1987
Subcommittee Consideration and Mark-up Session Held.
Feb 17, 1987
Executive Comment Requested from OMB, OPM, Treasury.
Feb 10, 1987
Referred to Subcommittee on Compensation and Employee Benefits.
Jan 6, 1987
Referred to House Committee on Ways and Means.
Jan 6, 1987
Referred to House Committee on Post Office and Civil Service.
Jan 6, 1987
Introduced in House
Plain-English summary
Provides for the continuation of the three-year income tax basis recovery rule with respect to annuities of Federal employee contributions to Federal retirement systems. Directs the Office of Personnel Management to report to specified congressional committees on the effects of a retroactive repeal of such rule on the Federal workforce.
What's happening now
Forwarded by Subcommittee to Full Committee.
Committees of jurisdiction
3