48 U.S.C. · Territories and Insular Possessions
48 U.S.C. § 2151

Analysis of pensions

Ch. 20 — PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY
Title 48 U.S.C. ● ACTIVE Primary Source Ch. 20
Statutory Text

48 U.S.C. § 2151 — Analysis of pensions

U.S.C. Title 48 - TERRITORIES AND INSULAR POSSESSIONS 48 U.S.C. United States Code, 2023 Edition Title 48 - TERRITORIES AND INSULAR POSSESSIONS CHAPTER 20 - PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY SUBCHAPTER II - RESPONSIBILITIES OF OVERSIGHT BOARD Sec. 2151 - Analysis of pensions From the U.S. Government Publishing Office, www.gpo.gov

§2151. Analysis of pensions

(a) Determination If the Oversight Board determines, in its sole discretion, that a pension system of the territorial government is materially underfunded, the Oversight Board shall conduct an analysis prepared by an independent actuary of such pension system to assist the Oversight Board in evaluating the fiscal and economic impact of the pension cash flows. (b) Provisions of analysis An analysis conducted under subsection (a) shall include— (1) an actuarial study of the pension liabilities and funding strategy that includes a forward looking projection of payments of at least 30 years of benefit payments and funding strategy to cover such payments; (2) sources of funding to cover such payments; (3) a review of the existing benefits and their sustainability; and (4) a review of the system's legal structure and operational arrangements, and any other studies of the pension system the Oversight Board shall deem necessary. (c) Supplementary information In any case, the analysis conducted under subsection (a) shall include information regarding the fair market value and liabilities using an appropriate discount rate as determined by the Oversight Board.

(Pub. L. 114–187, title II, §211, June 30, 2016, 130 Stat. 576.)

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC48-SEC-8C9F25
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
48 U.S.C. § 2151
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
e7cc5da2afc1e78a...
Semantic Edges
Pending — corpus passes queued
The statutory text of 48 U.S.C. § 2151 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
Navigate Corpus — Title 48
◈ Provenance
boisestandard.org United States Law U.S. Code Title 48 48 U.S.C. § 2151