ABSTRACT

Congressional Budget Office Cost Estimate: S. 1510: United States Secret Service Uniformed Division Modernization Act of 2009 [May 13, 2010]   [open pdf - 19KB]

"S. 1510 would transfer the authority that governs pay and hours of work for current members of the United States Secret Service Uniformed Division from the District of Columbia Code to the U.S. Code. That transfer would result in several changes to the pay and benefits of Uniformed Division members, including a revised salary schedule. In addition, retired members of the Uniformed Division who also are members of the District of Columbia Police and Firefighters Retirement and Disability System would receive an increase of nearly 3 percent in their retirement compensation. CBO estimates that implementing this legislation would cost $46 million over the 2011- 2015 period, assuming appropriation of the necessary amounts. The bill also contains provisions that would increase direct spending for retirement benefits of the Uniformed Division. CBO estimates that, if enacted, S. 1510 would increase direct spending by $7 million over the 2011-2015 period and $15 million over the 2011-2020 period.1 Enacting the bill would have no effect on revenues. Pay-as-you-go procedures apply because enacting the legislation would affect direct spending. The bill contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments."

Publisher:
Date:
2010-05-13
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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