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house Bill H.R. 5338

Federal Employee Pension Fairness Act

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Foreign Affairs
      Committee on Oversight and Reform
      Committee on Ways and Means
    IntroducedJuly 31st, 2014

Bill Details

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Title

Federal Employee Pension Fairness Act

Official Title

To repeal the revised annuity employee and further revised annuity employee categories within the Federal Employees Retirement System, and for other purposes.

Summary

Federal Employee Pension Fairness Act - Repeals provisions requiring federal employees, including foreign service employees, who began service after 2012 to pay an increased contribution (4.4%) for funding their annuities under the Federal Employees Retirement System (FERS). Amends the Internal Revenue Code to: (1) treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for U.S. tax purposes; and (2) revise rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with lower income tax rates than the United States).

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