Servicemember Retirement Improvement Act
- Last Action
- 3/2/2017
Actions
- 2017-03-02Referred to the House Committee on Ways and Means.
- 2017-03-02Introduced in House
- 2017-03-02Introduced in House
CRS Summary
As of 2017-03-02 (00)
Servicemember Retirement Improvement Act
This bill amends the Internal Revenue Code to allow members of the Ready Reserve of a reserve component of the Armed Forces to make the maximum allowable contribution ($18,000 in 2017) to their Thrift Savings Plans (TSPs) without limiting the amount such members may contribute to a retirement plan based upon other employment. The bill also doubles the maximum allowable contribution amount to the TSPs of federal employees in the Ready Reserve who are not eligible to make contributions to any plan other than the TSP.
Cosponsors (20)
- Brian Babin (R-TX)
- Timothy Walz (D-MN)
- J. Hill (R-AR)
- KAY GRANGER (R-TX)
- FRANK LOBIONDO (R-NJ)
- PETE SESSIONS (R-TX)
- David Rouzer (R-NC)
- Kyrsten Sinema (D-AZ)
- Bradley Byrne (R-AL)
- PETER KING (R-NY)
- Carlos Curbelo (R-FL)
- Ted Yoho (R-FL)
- Mike Coffman (R-CO)
- Ted Poe (R-TX)
- James Renacci (R-OH)
- Tom Cole (R-OK)
- Elise Stefanik (R-NY)
- TIM RYAN (D-OH)
- Pete Olson (R-TX)
- KEN CALVERT (R-CA)
Subjects
- Employee benefits and pensions
- Government employee pay, benefits, personnel management
- Income tax deferral
- Military personnel and dependents
- National Guard and reserves
Sourced from Congress.gov (public domain).
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