legislation: 100-s-2695

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
100-s-2695 100 s 2695 Civil Service Retirees' Interest on Delayed Payments Act Government Operations and Politics 1988-08-05 1988-08-05 Read twice and referred to the Committee on Governmental Affairs. Senate Sen. Bentsen, Lloyd M. [D-TX] TX D B000401 2 Civil Service Retirees' Interest on Delayed Payments Act - Requires the initial payment of an annuity under the Civil Service Retirement System to be made: (1) in the case of immediate retirement, not more than 75 days after the date on which the employee is separated from service; or (2) in the case of deferred retirement or a survivors' annuity, not more than 75 days after the date on which the Office of Personnel Management (OPM) receives a completed application from the individual. Requires the initial payment of an annuity under the Federal Employees' Retirement System to be made: (1) in the case of immediate retirement or early retirement, not more than 75 days after the date on which the employee is separated from service; or (2) in the case of deferred retirement, not more than 45 days after the date on which OPM receives a completed application from the individual. Requires OPM to pay interest to the individual entitled to such an annuity for each day the initial payment of such annuity is delayed. Makes the applicable Federal agency liable for any interest amounts caused by its delay in forwarding retirement records to OPM. 2025-08-28T20:06:50Z  

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