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H.R. 4431 - Correcting Miscalculations in Veterans’ Pensions Act

Introduced: 2017-11-16
Bill Status: Placed on the Union Calendar, Calendar No. 737.
 
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115th CONGRESS
1st Session
H. R. 4431


    To amend title 5, United States Code, to provide for interest payments by agencies in the case of administrative error in processing certain annuity deposits for prior military service.


IN THE HOUSE OF REPRESENTATIVES

November 16, 2017

    Mr. Carter of Georgia (for himself, Mr. Jody B. Hice of Georgia, Mr. Banks of Indiana, Mrs. Radewagen, Mr. Meadows, Mrs. Handel, Mr. Higgins of Louisiana, Mr. Gomez, and Mr. Welch) introduced the following bill; which was referred to the Committee on Oversight and Government Reform, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

    To amend title 5, United States Code, to provide for interest payments by agencies in the case of administrative error in processing certain annuity deposits for prior military service.

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 “Correcting Miscalculations in Veterans’ Pensions Act”.

SEC. 2. Interest payment as a result of error in processing of annuity deposit amounts.

(a) CSRS.—Section 8334(j) of title 5, United States Code, is amended by adding at the end the following:

“(6)(A) In calculating and processing the deposit under paragraph (1) with respect to an employee, Member, or annuitant, if the employing agency of such employee, Member, or annuitant makes an administrative error, such employing agency may pay, on behalf of the employee, Member, or annuitant, any additional interest assessed due to the administrative error.

“(B) For purposes of subparagraph (A), the Secretary of the Senate or the Chief Administrative Officer of the House of Representatives, as appropriate, shall be considered the employing agency of a Member or Congressional employee.

“(C) The Director of the Office of Personnel Management shall issue such regulations as are necessary to carry out this paragraph.”.

(b) FERS.—Section 8422(e) of title 5, United States Code, is amended by adding at the end the following:

“(7)(A) In calculating and processing the deposit under paragraph (1) with respect to an employee, Member, or annuitant, if the employing agency of such employee, Member, or annuitant makes an administrative error, such employing agency may pay, on behalf of the employee, Member, or annuitant, any additional interest assessed due to the administrative error.

“(B) For purposes of subparagraph (A), the Secretary of the Senate or the Chief Administrative Officer of the House of Representatives, as appropriate, shall be considered the employing agency of a Member or Congressional employee.

“(C) The Director of the Office of Personnel Management shall issue such regulations as are necessary to carry out this paragraph.”.


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