Sustainable Pension Plan Act of 2019

Bill: 116-hr-408
Sponsor: full_name: Del. Plaskett, Stacey E. [D-VI-At Large]
Introduced: 2019-01-09
Policy area: Labor and Employment
Subjects: Congressional oversight

Employee benefits and pensions

Government employee pay, benefits, personnel management

Government studies and investigations

U.S. territories and protectorates

Virgin Islands
Latest action: action_date: 2019-01-09
text: Referred to the House Committee on Natural Resources.

Summaries:
action_date: 2019-01-09
action_desc: Introduced in House
text: <p><b>Sustainable Pension Plan Act of 2019 </b></p> <p>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). </p> <p>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. </p> <p>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. </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 408 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.

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.