Servicemember Retirement Improvement Act
- Last Action
- 1/30/2019
Actions
- 2019-01-30Referred to the House Committee on Ways and Means.
- 2019-01-30Introduced in House
- 2019-01-30Introduced in House
CRS Summary
As of 2019-01-30 (00)
Servicemember Retirement Improvement Act
This bill allows members of the Ready Reserve of a reserve component of the Armed Forces to make the maximum allowable contribution ($19,500 in 2020) 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 (12)
- WALTER JONES (R-NC)
- Elise Stefanik (R-NY)
- KEN CALVERT (R-CA)
- TIM RYAN (D-OH)
- David Roe (R-TN)
- Tom Cole (R-OK)
- Joe Wilson (R-SC)
- J. Hill (R-AR)
- Dan Newhouse (R-WA)
- Vicky Hartzler (R-MO)
- Derek Kilmer (D-WA)
- Gregory Murphy (R-NC)
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).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.