S. 1821 — A bill to amend title 5, United States Code, to allow certain catch-up contributions to the Thrift Savings Plan to be made by participants age 50 or over, and to afford employees and Members full immediate participation in the Thrift Savings Plan upon commencing Federal service. | PoliFocus

S. 1821107th Congress

A bill to amend title 5, United States Code, to allow certain catch-up contributions to the Thrift Savings Plan to be made by participants age 50 or over, and to afford employees and Members full immediate participation in the Thrift Savings Plan upon commencing Federal service.

Subjects

Government Operations and Politics

Summary

Allows certain eligible participants to make such additional contributions to the Thrift Savings Plan as are permitted by: (1) provisions of the Internal Revenue Code pertaining to catch-up contributions to pension, profit-sharing, and/or stock bonus plans for individuals age 50 and over; and (2) consistent regulations of the Executive Director of the Federal Retirement Thrift Investment Board.

Repeals provisions limiting the pay periods with respect to which agency contributions shall be payable (thus affording employees and members full immediate participation in the Plan upon commencing Federal service).

Full Text

Related Legislation

H.R. 3340To amend title 5, United States Code, to allow certain catch-up contributions to the Thrift Savings Plan to be made by participants age 50 or over.
2002-11-27Became Public Law No: 107-304.
Related
H.R. 3354To amend title 5, United States Code, to allow certain catch-up contributions to the Thrift Savings Plan to be made by participants age 50 or over, and to afford employees and Members full immediate participation in the Thrift Savings Plan upon commencing Federal service.
2001-11-29Referred to the Subcommittee on the Civil Service and Agency Organization.
Related

Legislative Actions

2001-12-13
Introduced in Senate
2001-12-13
Read twice and referred to the Committee on Governmental Affairs.
2001-12-17
Committee on Governmental Affairs referred to Subcommittee on International Security, Proliferation and Federal Services.

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