Retirement Savings and Security Act

TABLE OF CONTENTS:

Title I: Short Title; Table of Contents

Title II: Additional Retirement Participation and Payment

Options for Federal Employees

Retirement Savings and Security Act - Title I: Short Title; Table of Contents - Sets forth, for this Act: (1) the short title; and (2) the table of contents.

Title II: Additional Retirement Participation and Payment Options for Federal Employees - Requires the Executive Director of the Federal Retirement Thrift Investment Board to prescribe regulations to allow Federal employees to be afforded a reasonable opportunity to make an election to make contributions under the Thrift Savings Plan on the date of commencing service or beginning on the earliest date thereafter that such an election becomes administratively feasible.

(Sec. 2002) Provides for a deferred annuity for a surviving former spouse of a deceased former Federal employee who separated from the service with title to a deferred annuity if such individuals were married to one another prior to the date of separation.

Provides for a surviving spouse to elect to receive a certain deferred annuity if a former employee dies after having separated from the service with title to a deferred annuity but before having established a valid claim for annuity.

(Sec. 2003) Revises provisions concerning the payment of a lump sum to a former spouse of a Federal employee.