Allows members of the armed forces to elect to participate in the Thrift Savings Plan (TSP) by way of contributions from basic pay. Prohibits such contributions from exceeding five percent of basic pay. Prohibits for such members the one percent Federal contribution to an individual's TSP.
Adds to the Employees Thrift Advisory Council one member to represent such military participants.
Considers as a separation from service, for purposes of entitlement to TSP benefits, a member's release from active service, transfer to inactive status, or transfer to a retired list.
Introduced in House
Introduced in House
Referred to the Committee on Government Reform, and in addition to the Committee on Armed Services, 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.
Referred to the Committee on Government Reform, and in addition to the Committee on Armed Services, 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.
Referred to the Committee on Government Reform, and in addition to the Committee on Armed Services, 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.
Referred to the Subcommittee on Civil Service.
Referred to the Subcommittee on Military Personnel.
Executive Comment Requested from DOD.
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