Referred to the Committee on Ways and Means, and in addition to the Committees on Oversight and Government Reform, and Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The bill would require all private‑sector employers and self‑employed individuals to either offer a retirement program that the Labor Secretary determines is comparable to the Federal Employees Retirement System (FERS) or enroll their workers in FERS itself. It expands the definition of FERS to include non‑federal employees, giving them creditable service and eligibility for annuities. The aim is to give every worker access to a retirement benefit similar to that enjoyed by federal employees.
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