U.S. Congress - H.R.567 Public Employee Pension Transparency Act
H.R.567 - Public Employee Pension Transparency Act
To amend the Internal Revenue Code of 1986 to provide for reporting and disclosure by State and local public employee retirement pension plans. view all titles (2)
All Bill Titles
- Short: Public Employee Pension Transparency Act as introduced.
- Official: To amend the Internal Revenue Code of 1986 to provide for reporting and disclosure by State and local public employee retirement pension plans. as introduced.
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- Past Seven Days: 15
- All-Time: 2,027
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Official Summary
2/9/2011--Introduced.Public Employee Pension Transparency Act - Amends the Internal Revenue Code to deny tax benefits relating to bonds issed by a state or political subdivision during any period in which such state or political subdivision is noncompliant with specified reporting requiremOfficial Summary
2/9/2011--Introduced.Public Employee Pension Transparency Act - Amends the Internal Revenue Code to deny tax benefits relating to bonds issed by a state or political subdivision during any period in which such state or political subdivision is noncompliant with specified reporting requirements for state or local government employee pension benefit plans. Requires plan sponsors of a state or local government employee pension benefit plan to file with the Secretary of the Treasury an annual report setting forth:(1) a schedule of the funding status of the plan;
(2) a schedule of contributions by the plan sponsor for the plan year;
(3) alternative projections for each of the next 20 plan years relating to the amount of annual conotributions, the fair market value of plan assets, current liability, the funding percentage, and other matters specified by the Secretary;
(4) a statement of the actuarial assumptions used for the plan year;
(5) a statement of the number of plan participants who are retired or separated from service and are either receiving benefits or are entitled to future benefits and those who are active under the plan;
(6) a statement of the plan's investment returns;
(7) a statement of the degree to which unfunded liabilities are expected to be eliminated; and
(8) a statement of the amount of pension obligation bonds outstanding. Directs the Secretary to develop model reporting statements and create and maintain a public website, with searchable capabilities, for purposes of posting plan information required by this Act.
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Organizations Supporting H.R.567
- National Federation of Independent Business
- Free Enterprise Nation
- Americans for Tax Reform
- American Conservative Union
- U. S. Chamber of Commerce
Organizations Opposing H.R.567
- The National Council on Teacher Retirement
- National Association of Counties
- National Association of State Auditors Comptrollers and Treasurers
- International Personnel Management Association for Human Resources
Recent News Coverage
Pennsylvania House Honors Yuengling Brewing Company
Because finally, the Pennsylvania House has put forth something we can all agree on: H.R. 567, honoring and congratulating Pennsylvania brewing company, D.G. Yuengling & Son, for being awesome. After Anheuser sold out to Europe-based InBev in ...
Recent Blog Coverage
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HR.563 | Providing for consideration of the bill (H.R. 2117) to ...
NO Vote on S.2136 Vote by:AZCEP. YES Vote on S.2135 Vote by:AZCEP. NO Vote on HR.567 Vote by:AZCEP. NO Vote on SR.381 Vote by:AZCEP. My Representatives. Sponsored by. Rep. Virginia Foxx (NC Republican). Co-Sponsored by ...
HR.563 | Providing for consideration of the bill (H.R. 2117) to ...
NO Vote on S.2136 Vote by:AZCEP. YES Vote on S.2135 Vote by:AZCEP. NO Vote on HR.567 Vote by:AZCEP. NO Vote on SR.381 Vote by:AZCEP. My Representatives. Sponsored by. Rep. Virginia Foxx (NC Republican). Co-Sponsored by ...
HR.563 | Providing for consideration of the bill (H.R. 2117) to ...
NO Vote on S.2136 Vote by:AZCEP. YES Vote on S.2135 Vote by:AZCEP. NO Vote on HR.567 Vote by:AZCEP. NO Vote on SR.381 Vote by:AZCEP. My Representatives. Sponsored by. Rep. Virginia Foxx (NC Republican). Co-Sponsored by ...
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