Bill Summary
This piece of legislation, titled the "Sustainable Pension Plan Act of 2019," requires the Comptroller General of the United States to conduct a study of the pension system in the United States Virgin Islands, specifically for employees of the government. The study will analyze the benefits provided by the system, its funding, and make recommendations to ensure its sustainability for the next 20 years. The Comptroller General must submit a report to Congress within one year, including any recommendations for legislative or administrative actions to improve the system.
Possible Impacts
1. This legislation could affect employees of the Government of the United States Virgin Islands, as it requires a study of the pension system and could potentially lead to changes in their benefits and funding.
2. It could also affect taxpayers, as any recommended actions or changes to the pension system could potentially impact the amount of funding needed from the government.
3. This legislation could also affect Congress, as they would receive a report on the pension system and may need to take further action to address any issues or recommendations.
[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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