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H.R. 4431 (115th): Correcting Miscalculations in Veterans’ Pensions Act


The text of the bill below is as of Sep 12, 2018 (Reported by House Committee).

Summary of this bill

Source: Republican Policy Committee

H.R. 4431 explicitly authorizes agencies that have committed an administrative error in calculating a military service deposit for a federal employee’s pension to pay the interest accrued as a result of the mistake on behalf of the veteran. It also authorizes agencies to pay similarly assessed interest for former members of the Peace Corps or AmeriCorps.


IB

Union Calendar No. 737

115th CONGRESS

2d Session

H. R. 4431

[Report No. 115–946, Part I]

IN THE HOUSE OF REPRESENTATIVES

November 16, 2017

(for himself, Mr. Jody B. Hice of Georgia, Mr. Banks of Indiana, Mrs. Radewagen, Mr. Meadows, Mrs. Handel, Mr. Higgins of Louisiana, Mr. Gomez, and Mr. Welch) introduced the following bill; which was referred to the Committee on Oversight and Government Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

September 12, 2018

Additional sponsors: Mr. Cook, Mr. Lynch, Mr. Russell, and Mr. Coffman

September 12, 2018

Reported from the Committee on Oversight and Government Reform

September 12, 2018

Committee on House Administration discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed


A BILL

To amend title 5, United States Code, to provide for interest payments by agencies in the case of administrative error in processing certain annuity deposits for prior military service.


1.

Short title

This Act may be cited as the Correcting Miscalculations in Veterans’ Pensions Act.

2.

Interest payment as a result of error in processing of annuity deposit amounts

(a)

CSRS

Section 8334(j) of title 5, United States Code, is amended by adding at the end the following:

(6)
(A)

In calculating and processing the deposit under paragraph (1) with respect to an employee, Member, or annuitant, if the employing agency of such employee, Member, or annuitant makes an administrative error, such employing agency may pay, on behalf of the employee, Member, or annuitant, any additional interest assessed due to the administrative error.

(B)

For purposes of subparagraph (A), the Secretary of the Senate or the Chief Administrative Officer of the House of Representatives, as appropriate, shall be considered the employing agency of a Member or Congressional employee.

(C)

The Director of the Office of Personnel Management shall issue such regulations as are necessary to carry out this paragraph.

.

(b)

FERS

Section 8422(e) of title 5, United States Code, is amended by adding at the end the following:

(7)
(A)

In calculating and processing the deposit under paragraph (1) with respect to an employee, Member, or annuitant, if the employing agency of such employee, Member, or annuitant makes an administrative error, such employing agency may pay, on behalf of the employee, Member, or annuitant, any additional interest assessed due to the administrative error.

(B)

For purposes of subparagraph (A), the Secretary of the Senate or the Chief Administrative Officer of the House of Representatives, as appropriate, shall be considered the employing agency of a Member or Congressional employee.

(C)

The Director of the Office of Personnel Management shall issue such regulations as are necessary to carry out this paragraph.

.

September 12, 2018

Reported from the Committee on Oversight and Government Reform

September 12, 2018

Committee on House Administration discharged; committed to the Committee of the Whole House on the State of the Union and ordered to be printed