Title: Sustainable Pension Plan Act of 2019
Policy area: Labor and Employment

Summary:
Sustainable Pension Plan Act of 2019
This bill requires the Government Accountability Office (GAO) to study and report on the pension system for the employees of the government of the U.S. Virgin Islands (known as the Government Employees Retirement System).
The GAO study must analyze (1) the benefits provided, including a comparison to those offered to private employees; and (2) whether the system is adequately funded.
The study must also recommend actions that may be necessary to ensure that the system can be sustainably maintained and funded by the U.S Virgin Islands for the next 20 years.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 408 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 408

  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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 9, 2019

 Ms. Plaskett 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.

    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 ``Sustainable Pension Plan Act of 
2019''.

SEC. 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.
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