Servicemember Retirement Improvement Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 2, 2017)
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.
What just happenedMar 2, 2017
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1580)
Who’s behind it
- Introduced in SenateMar 2, 2017
- Mar 2, 2017IntroReferral
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1580)
Finance Committee - Mar 2, 2017IntroReferral10000
Introduced in Senate