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S. 3496

BillFederalSenateIn Committee
Servicemember Retirement Improvement Act
About This Bill
Committee
Latest Action · December 5, 2016
Read twice and referred to the Committee on Finance. (text of measure as introduced in the Senate: CR S6709)
Congress
114th (2015–2017)
Introduced
December 5, 2016
Cosponsors (1)
1D 0R
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Summary

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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.

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