H.R. 8949: Capitol Police Retirement Reform Act of 2026

The Capitol Police Retirement Reform Act of 2026 aims to modify how retirement annuities for members of the Capitol Police are calculated. The main provisions of the bill can be summarized as follows:

Inclusion of Overtime Pay

The bill amends the United States Code to include overtime pay received by members of the Capitol Police in the calculation of their annuities. Specifically, it adds the following key points:

• Overtime pay received under the Fair Labor Standards Act of 1938, after the bill's enactment, can count as part of the basic pay for annuity calculations.
• This inclusion applies to a maximum of 50% of the annual statutory maximum overtime pay set for customs officers.

Service Requirements

For the overtime pay to be included in the basic pay used for annuity calculations, the following conditions must be met:

• The member must have at least 15 years of service by the time they separate from the Capitol Police.
• Only the overtime pay from service performed after the enactment date of the bill will be considered as basic pay.

Impact on Annuity Calculations

When calculating annuities, the following changes apply:

• Overtime pay can be factored into the annuity if the service conditions mentioned above are satisfied.
• This change also applies to survivor annuities, in cases where a member dies before retirement.

Reporting Requirements

The United States Capitol Police is required to provide annual information to the Office of Personnel Management. This includes data necessary to implement these changes and determine the normal-cost percentage related to the modified annuity calculations.

Overall Purpose

The intent of the legislation is to ensure that the retirement benefits for Capitol Police members are more reflective of their actual earnings, particularly when it comes to overtime work, thereby potentially enhancing their financial security in retirement.

Relevant Companies

None found.