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HR 1263 111th Congress House Government Operations and Politics District of Columbia Employee benefits and pensions Employee leave Financial services and investments Government employee pay, benefits, personnel management Health care costs and insurance Income tax exclusion Military personnel and dependents Temporary and part-time employment Veterans' pensions and compensation

Federal Retirement Reform Act of 2009

Introduced: March 3, 2009 Introduced by: Lynch, Stephen F. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 2009
Referred to House Ways and Means
Mar 3, 2009
Introduced in House
Mar 3, 2009
Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 3, 2009
Referred to House Oversight and Government Reform
 Plain-English summary Congressional Research Service

Federal Retirement Reform Act of 2009 - Thrift Savings Plan Enhancement Act of 2009 - Requires the Federal Retirement Thrift Investment Board to provide for: (1) automatic enrollment in the Thrift Savings Plan (TSP) at a specified default percentage (between 2% and 5%) of basic pay of anyone appointed, transferred, or reappointed to a position in which that individual is eligible to contribute to TSP; (2) the inclusion in TSP of a qualified Roth contribution program and (3) the addition of a self-directed investment window under TSP, if it would be in the best interests of participants, limited to low-cost, passively-managed index funds that offer diversification.

Requires the total service of an employee who retires eligible for an annuity under the Federal Employees' Retirement System (FERS) or who dies leaving a survivor entitled to benefits, to include the employee's days of unused sick leave for annuity computation purposes.

Exempts a federal employee's part-time service performed before April 7, 1986, from proration requirements for purposes of annuity computation under the Civil Service Retirement System (CSRS).

District of Columbia Court, Offender Supervision, Parole, and Public Defender Employees Equity Act of 2009 - Entitles any individual who is treated as a federal employee under CSRS or FERS to have certain qualifying District of Columbia service included in calculating that individual's creditable federal service for specified purposes, including annuity eligibility.

Amends the Internal Revenue Code to allow federal annuitants and members of the Armed Forces to elect to exclude retirement plan distributions for health insurance and long-term care premiums from gross income.


What's happening now March 3, 2009

Referred to House Ways and Means

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2