Title: Correcting Miscalculations in Veterans' Pensions Act
Policy area: Government Operations and Politics

Summary:
Correcting Miscalculations in Veterans' Pensions Act
This bill authorizes federal agencies to pay on behalf of an employee, Member, or annuitant any additional interest assessed as a result of certain administrative errors in processing annuity deposit amount. Specifically, in calculating amounts that employees with prior military service may pay into their federal retirement account, an agency may pay interest that accrues to the employee for the agency's calculation error.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4431 Introduced in House (IH)]

<DOC>






115th CONGRESS
  1st Session
                                H. R. 4431

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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 16, 2017

 Mr. Carter of Georgia (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

_______________________________________________________________________

                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 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.''.
                                 <all>