S 492
115th Congress
Senate
Taxation
Employee benefits and pensions
Government employee pay, benefits, personnel management
Income tax deferral
Military personnel and dependents
National Guard and reserves
Servicemember Retirement Improvement Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2017
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1580)
Mar 2, 2017
Introduced in Senate
Plain-English summary
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's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1580)
Committees of jurisdiction
1