3.0.0 347 2023-01-11T13:20:27Z 2023-01-11T13:20:27Z Senate S S 2011-02-15 112 ssfi00 Finance Committee Senate Standing Referred to 2011-02-15T15:57:51Z Public Employee Pension Transparency Act 112 567 HR 2011-02-09 Referred to the House Committee on Ways and Means. Identical bill CRS 2011-02-15 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2011-02-15 Introduced in Senate IntroReferral 10000 9 Library of Congress B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze N T000250 Sen. Thune, John [R-SD] John Thune R SD R. 2011-02-15 True C000560 Sen. Coburn, Tom [R-OK] TOM COBURN R OK 2011-02-15 True I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2011-02-15 True E000194 Sen. Ensign, John [R-NV] JOHN ENSIGN R NV 2011-02-15 True G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2011-02-15 True K000352 Sen. Kyl, Jon [R-AZ] Jon Kyl R AZ Llewellyn 2011-02-15 True C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2011-03-07 False K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN 2011-07-27 False Taxation Government employee pay, benefits, personnel management Income tax credits Income tax exclusion Interest, dividends, interest rates Securities State and local finance State and local government operations Tax administration and collection, taxpayers Taxation 00 2011-02-15 Introduced in Senate 2011-02-19T16:45:28Z 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.

]]> Public Employee Pension Transparency Act Display Title Public Employee Pension Transparency Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for reporting and disclosure by State and local public employee retirement pension plans. Introduced in Senate IS Short Titles as Introduced Public Employee Pension Transparency Act Introduced in Senate 2011-02-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s347is/xml/BILLS-112s347is.xml 2011-02-15 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.