H.R. 4381 · 114th Congress
Servicemember Retirement Improvement Act
- Stage
- In committee
- Sponsor
- Sam Johnson
- Introduced
- 2016-01-13
- Latest action
- 2016-01-13 · Introduced in House
Summary
Servicemember Retirement Improvement Act
This bill amends the Internal Revenue Code to allow members of the Ready Reserve of a reserve component of the Armed Forces to make the maximum allowable contribution ($18,000 in 2016) to their Thrift Savings Plans without limiting the amount such members may contribute to a retirement plan based upon other employment. The bill also doubles the maximum allowable contribution amount to the Thrift Savings Plans of federal employees in the Ready Reserve.