A bill to amend subchapter III of chapter 84 of title 5, United States Code, to authorize certain employees to be automatically enrolled to increase contributions to Thrift Savings Plan accounts.
Save More Tomorrow Act of 2012 - Directs the Executive Director of the Federal Retirement Thrift Investment Board to provide by regulation for federal employees to be automatically enrolled to increase their contributions to their Thrift Savings Plan accounts over the default contribution percentage amount (i.e., 3% of basic pay) by 1% in each of at least the two years following the first year of enrollment.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S3131-3132)
Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (text of measure as introduced: CR S3132)
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