US HB1263 | 2009-2010 | 111th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: Introduced on March 3 2009 - 25% progression, died in committee
Action: 2009-03-03 - Referred to House Ways and Means
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Federal Retirement Reform Act of 2009 - Thrift Savings Plan Enhancement Act of 2009 - Requires the Federal Retirement Thrift Investment Board to provide for: (1) automatic enrollment in the Thrift Savings Plan (TSP) at a specified default percentage (between 2% and 5%) of basic pay of anyone appointed, transferred, or reappointed to a position in which that individual is eligible to contribute to TSP; (2) the inclusion in TSP of a qualified Roth contribution program and (3) the addition of a self-directed investment window under TSP, if it would be in the best interests of participants, limited to low-cost, passively-managed index funds that offer diversification. Requires the total service of an employee who retires eligible for an annuity under the Federal Employees' Retirement System (FERS) or who dies leaving a survivor entitled to benefits, to include the employee's days of unused sick leave for annuity computation purposes. Exempts a federal employee's part-time service performed before April 7, 1986, from proration requirements for purposes of annuity computation under the Civil Service Retirement System (CSRS). District of Columbia Court, Offender Supervision, Parole, and Public Defender Employees Equity Act of 2009 - Entitles any individual who is treated as a federal employee under CSRS or FERS to have certain qualifying District of Columbia service included in calculating that individual's creditable federal service for specified purposes, including annuity eligibility. Amends the Internal Revenue Code to allow federal annuitants and members of the Armed Forces to elect to exclude retirement plan distributions for health insurance and long-term care premiums from gross income.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Federal Retirement Reform Act of 2009

Sponsors


History

DateChamberAction
2009-03-03 Referred to House Ways and Means
2009-03-03 Referred to House Oversight and Government Reform
2009-03-03 Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Ways and Means, 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.

Same As/Similar To

HB1804 (Related) 2009-04-27 - Referred to the Subcommittee on Military Personnel.

Subjects


US Congress State Sources


Bill Comments

feedback