Political Quotes

James Norton: “H.R. 4657 is a significant management efficiency win for the District of Columbia because the bill streamlines the…”

On the recordSeptember 28, 2004
H.R. 4657 is a significant management efficiency win for the District of Columbia because the bill streamlines the administration of what has been a very complicated pension benefit system for D.C. teachers, police, and firefighters. The legislation promotes more efficient investment, accounting, and financial reporting of two pension funds, the D.C. Federal Pension Liability Trust Fund and the Federal Supplemental D.C. Pension Fund, simply by combining the two funds into a newly created D.C. Teachers, Police, and Firefighters Pension Fund. The bill also puts into law the appeal rights of those covered by the judges' retirement plan. Employees covered by this plan already have by regulation the same appeal rights as police officers, firefighters, and teachers. This legislation simply codifies those regulations.
Said by
James Norton
Ohio
Source
govinfo.gov

Editor's note · Context

Discussing the significance of H.R. 4657 for pension management in the District of Columbia.

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