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Proposal:Servicemember Retirement Improvement Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.
Geographic Scope
National

Description

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.

Bill Title

Servicemember Retirement Improvement Act

Linked Goals

Steps

  • 2019-01-30: Referred to the House Committee on Ways and Means.
  • 2019-01-30: Introduced in House
  • 2019-01-30: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.