B 627
Frequency Standardization for Contributions in Support of District Government Employee Benefits Amendment Act of 2026
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to standardize the frequency of contributions made by the District of Columbia government to employee benefit funds. Specifically, it aims to shift the timing of contributions to a regular per pay period basis for the Other Post-Employment Benefits Fund, the Defined Contribution Payment Plan (Section 401(a) Trust), and the Police Officers, Fire Fighters, and Teachers Retirement Benefit Replacement Plan. By moving away from annual or quarterly payments, the District hopes to gain greater financial flexibility and address potential changes in its financial situation. The bill is expected to increase District Local Fund resources.
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