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HR 905 116th Congress House 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

Introduced: January 30, 2019 See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 30, 2019
Referred to the House Committee on Ways and Means.
Jan 30, 2019
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now January 30, 2019

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1