Amendment97th Congress
An amendment dealing with retirement benefits. The amendment provides that salary deductions with held for retirement after 35 years of service may be refunded to the participant, with 3 percent annual interest, at the time of separation (or to the beneficiary in the event of death). Certain required contributions are to be withdrawn from the funds accumulated after the 35th year prior to the payment to the participant.
- Amendment Number
- 525
- Description
- An amendment dealing with retirement benefits. The amendment provides that salary deductions with held for retirement after 35 years of service may be refunded to the participant, with 3 percent annual interest, at the time of separation (or to the beneficiary in the event of death). Certain required contributions are to be withdrawn from the funds accumulated after the 35th year prior to the payment to the participant.
- Purpose
- An amendment dealing with retirement benefits. The amendment provides that salary deductions with held for retirement after 35 years of service may be refunded to the participant, with 3 percent annual interest, at the time of separation (or to the beneficiary in the event of death). Certain required contributions are to be withdrawn from the funds accumulated after the 35th year prior to the payment to the participant.
- Congress
- 97
- Type
- HAMDT
- Latest Action Date
- May 18, 1982
- Latest Action Text
- Amendment Passed in Committee of the Whole by Voice Vote.
- Submitted Date
- May 18, 1982
- Chamber
- House of Representatives
- Update Date
- Aug 14, 2021