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H.R. 905

Servicemember Retirement Improvement Act

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.

Referred to the House Committee on Ways and Means.

Rep. King, Peter T. [R-NY-2](R-NY)Sponsor
12 cosponsors2 D10 R
12cosponsors1committees3actions5subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Servicemember Retirement Improvement Act — Informed