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83 or 84 of such title be treated, for Federal income tax purposes, as if the 3-year basis recovery rule had never been repealed; and to require that the Office of Personnel Management conduct a study relating to the consequences which retroactively repealing such rule would have with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.

1/1
Status In Committee
Sponsor Mary Oakar
Citation 99-HR-5600
Actions 5
Introduced Sep 25th, 1986
Cosponsors
126 44
Last Action Sep 30th, 1986
Policy Area
✓
Introduced House Sep 25
House
Senate
President
Enacted

Summary

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What this bill does

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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.

Actions

5
House
INTRODUCED
INTRODUCED
Sep 25, 1986
ON FLOOR
REFERRED TO COMMITTEE
ON FLOOR
REFERRED TO COMMITTEE
COMMITTEE
REFERRED TO SUBCOMMITTEE
Sep 30, 1986
COMMITTEE
SUBCOMMITTEE HEARINGS HELD
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