Title: Coast Guard Retirement Parity Act
Policy area: Transportation and Public Works

Summary:
Coast Guard Retirement Parity Act
This bill modifies the Department of Defense Military Retirement Fund to pay for U.S. Coast Guard retirement and survivor benefit programs in the same manner as other branches of the military. Currently, Coast Guard retirement and survivor benefit payments come out of the yearly Coast Guard budget as a mandatory appropriation. Such payments are not paid in the event of a government shutdown; however, retirement benefits for other branches of the military are still paid through the Military Retirement Fund.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6072 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6072

 To amend title 10, United States Code, to include the Coast Guard in 
   the Department of Defense Military Retirement Fund, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 4, 2020

Mr. Crist (for himself and Mr. Palazzo) introduced the following bill; 
         which was referred to the Committee on Armed Services

_______________________________________________________________________

                                 A BILL


 
 To amend title 10, United States Code, to include the Coast Guard in 
   the Department of Defense Military Retirement Fund, and for other 
                               purposes.

    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 ``Coast Guard Retirement Parity Act''.

SEC. 2. ESTABLISHMENT AND PURPOSE OF FUND; DEFINITION.

    Section 1461(a) of title 10, United States Code, is amended by 
inserting ``and the Coast Guard'' after ``liabilities of the Department 
of Defense''.

SEC. 3. PAYMENTS FROM THE FUND.

    Section 1463(a) of title 10, United States Code, is amended--
            (1) in paragraph (1) by striking ``and Marine Corps'' and 
        inserting ``Marine Corps, and Coast Guard'';
            (2) in paragraph (2) by striking ``(other than retired pay 
        payable by the Secretary of Homeland Security)''; and
            (3) in paragraph (4) by inserting ``and the Department of 
        Homeland Security that'' after ``Department of Defense''.

SEC. 4. DETERMINATION OF CONTRIBUTIONS TO THE FUND.

    Section 1465 of title 10, United States Code, is amended--
            (1) in subsection (a)--
                    (A) by striking ``(a) Not'' and inserting the 
                following:
    ``(a)(1) Not''; and
                    (B) by adding at the end the following:
    ``(2) Not later than October 1, 2022, the Board of Actuaries shall 
determine the amount that is the present value (as of September 30, 
2022) of future benefits payable from the Fund that are attributable to 
service in the Coast Guard performed before October 1, 2022. That 
amount is the original Coast Guard unfunded liability of the Fund. The 
Board shall determine the period of time over which the original Coast 
Guard unfunded liability should be liquidated and shall determine an 
amortization schedule for the liquidation of such liability over that 
period. Contributions to the Fund for the liquidation of the original 
Coast Guard unfunded liability in accordance with such schedule shall 
be made as provided in section 1466(b) of this title.'';
            (2) in subsection (b)--
                    (A) in paragraph (1)--
                            (i) in the matter preceding subparagraph 
                        (A)--
                                    (I) by inserting ``, in 
                                consultation with the Secretary of the 
                                department in which the Coast Guard is 
                                operating,'' after ``Secretary of 
                                Defense''; and
                                    (II) by inserting ``and Coast 
                                Guard'' after ``Department of 
                                Defense'';
                            (ii) in subparagraph (A)(ii) by striking 
                        ``(other than the Coast Guard)'' and inserting 
                        ``members of the Armed Forces''; and
                            (iii) in subparagraph (B)(ii) by striking 
                        ``(other than the Coast Guard)'';
                    (B) in paragraph (2) by inserting ``the Coast Guard 
                Retired Pay account and the'' after ``appropriated 
                to''; and
                    (C) in paragraph (3) by inserting ``and Coast 
                Guard'' after ``Department of Defense'';
            (3) in subsection (c)--
                    (A) in paragraph (1)--
                            (i) in the matter preceding subparagraph 
                        (A) by inserting ``, in consultation with the 
                        Secretary of the department in which the Coast 
                        Guard is operating,'' after ``Secretary of 
                        Defense'';
                            (ii) in subparagraph (A) by striking 
                        ``(other than the Coast Guard)'' and inserting 
                        ``members of the Armed Forces'';
                            (iii) in subparagraph (B) by striking 
                        ``(other than the Coast Guard)'';
                    (B) in paragraph (2) by inserting ``, in 
                consultation with the Secretary of the department in 
                which the Coast Guard is operating,'' after ``Secretary 
                of Defense'';
                    (C) in paragraph (3) by inserting ``, in 
                consultation with the Secretary of the department in 
                which the Coast Guard is operating,'' after ``Secretary 
                of Defense'';
            (4) in subsection (e) by striking ``Secretary of Defense 
        shall'' and inserting ``Secretary of Defense and, with regard 
        to the Coast Guard, the Secretary of the department in which 
        the Coast Guard is operating''.

SEC. 5. PAYMENTS INTO THE FUND.

    Section 1466 of title 10, United States Code, is amended--
            (1) in subsection (a)--
                    (A) in the matter preceding paragraph (1)--
                            (i) by striking ``Secretary of Defense 
                        shall'' and inserting ``Secretary of Defense 
                        and the Secretary of the department in which 
                        the Coast Guard is operating, with respect to 
                        the Coast guard, shall''; and
                            (ii) by striking ``each month as the 
                        Department of Defense contribution'' and 
                        inserting ``each month the respective pro rata 
                        share contribution of the Secretary of Defense 
                        and the Secretary of the department in which 
                        the Coast Guard is operating''; and
                    (B) in paragraph (1)(B) by striking ``(other than 
                the Coast Guard)''; and
                    (C) by striking the flush language following 
                paragraph (1)(B) and inserting the following new 
                subsection:
    ``(b) Amounts paid into the Fund under this subsection shall be 
paid from funds available for as appropriate--
            ``(1) the pay of members of the armed forces under the 
        jurisdiction of the Secretary of a military department; or
            ``(2) the Retired Pay appropriation for the Coast Guard.'';
            (2) by redesignating subsections (b) and (c) as subsections 
        (c) and (d), respectively; and
            (3) in subsection (c) (as so redesignated)--
                    (A) in paragraph (2)(A) by striking ``liability of 
                the Fund.'' and inserting ``liabilities of the Fund for 
                the Department of Defense and the Coast Guard.''; and
                    (B) in paragraph (3) by inserting ``and the 
                Secretary of the Department in which the Coast Guard is 
                operating'' before ``shall promptly''.
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