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H.R. 408: Sustainable Pension Plan Act of 2019


The text of the bill below is as of Jan 9, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 408

IN THE HOUSE OF REPRESENTATIVES

January 9, 2019

introduced the following bill; which was referred to the Committee on Natural Resources

A BILL

To require the Comptroller General of the United States to submit a report to Congress regarding the pension system of the United States Virgin Islands.

1.

Short title

This Act may be cited as the Sustainable Pension Plan Act of 2019.

2.

Study and report regarding Virgin Islands pension system

(a)

Study

The Comptroller General of the United States shall conduct a study of the pension system of the United States Virgin Islands established by law for employees of the Government of the United States Virgin Islands (otherwise known as the Government Employees Retirement System), including—

(1)

an analysis of—

(A)

the benefits provided under such system, including in comparison to those offered to private employees; and

(B)

whether such system is adequately funded; and

(2)

recommendations on actions that may be necessary to ensure that such system can be sustainably maintained and funded by the Government of the United States Virgin Islands for the 20-year period beginning on the date of enactment of this Act.

(b)

Report

The Comptroller General of the United States shall, not later than 1 year after the date of enactment of this Act, report to Congress the results of the study conducted under subsection (a), including any recommendations for legislative or administrative actions or changes with respect to the pension system considered in the study.