3.0.0 779 2022-03-03T21:28:53Z 2022-03-03T21:28:53Z Senate S S 2013-04-23 113 ssfi00 Finance Committee Senate Standing Referred to 2013-04-23T15:58:32Z Public Employee Pension Transparency Act 113 1628 HR 2013-04-18 Referred to the House Committee on Ways and Means. Identical bill CRS 2013-04-23 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2013-04-23 Introduced in Senate IntroReferral 10000 9 Library of Congress B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze N C000560 Sen. Coburn, Tom [R-OK] TOM COBURN R OK 2013-04-23 True T000250 Sen. Thune, John [R-SD] John Thune R SD R. 2013-04-23 True 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 2013-04-23 Introduced in Senate 2013-05-28T21:33:00Z Public Employee Pension Transparency Act - Amends the Internal Revenue Code to deny tax benefits relating to bonds issued 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 a report for each plan year beginning on or after January 1, 2014, 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 60 plan years of the cash flows associated with the current plan liability, (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, (8) a statement of the amount of pension obligation bonds outstanding, and (9) a statement of the current cost of the plan for the plan year.

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.

Exempts the United States from liability for any future shortfall in any state or local government employee pension plan.

]]> Public Employee Pension Transparency Act Short Titles as Introduced 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 2013-04-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s779is/xml/BILLS-113s779is.xml 2013-04-23 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.