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(Original Signature of Member)
H. R. ll
114TH CONGRESS
2D SESSION
To prohibit the use of education funds provided under the Elementary and
Secondary Education Act of 1965 for excess payments to certain retirement or pension systems.
A BILL
To prohibit the use of education funds provided under the
Elementary and Secondary Education Act of 1965 for
excess payments to certain retirement or pension systems.
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5 dents Act.
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EXCESS
PAYMENTS
TO
CERTAIN
RETIRE-
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ON
FUNDED RATIO.Sub-
20 section (a) shall not apply with respect to a teacher retire21 ment or pension system for a plan year if the system cer22 tifies to the Secretary, at such time and in such manner
23 as the Secretary may require, that the system has a fund24 ed ratio for such plan year exceeding 50 percent.
25
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(1) NORMAL
COST.The
(2) FUNDED
RATIO.The
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actuarial assumptions), to
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19 as if enacted on the date of enactment of the Every Stu20 dent Succeeds Act (Public Law 11495).
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