A bill to improve the provision of financial literacy training and information relating to the Blended Retirement System to members of the Armed Forces, and for other purposes.
Re-open Enrollment for Servicemembers to Opt-in to Updated Retirement Choice for Enduring Security Act of 2020 or the RESOURCES Act
This bill expands financial literacy training under the Financial Literacy Training Program for members of the Armed Forces. Specifically, the bill (1) establishes an Advisory Council on Financial Readiness, (2) modifies requirements for certain retirement pay to members, and (3) requires a plan for improving the access of members to information about the Thrift Savings Plan.
Introduced in Senate
Read twice and referred to the Committee on Armed Services.
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