summary
Introduced
02/25/2021
02/25/2021
In Committee
02/25/2021
02/25/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To allow Members of Congress to opt out of the Federal Employees Retirement System, and allow Members who opt out of the Federal Employees Retirement System to continue to participate in the Thrift Savings Plan.
AI Summary
This bill, the Members of Congress Pension Opt Out Clarification Act, allows members of Congress to opt out of the Federal Employees Retirement System (FERS) and continue to participate in the Thrift Savings Plan (TSP) even if they do not participate in FERS. The bill amends the definition of "Member" in the U.S. Code to remove the requirement that members of Congress must participate in FERS, and it clarifies that members who opt out of FERS can still participate in the TSP. These changes apply to members of Congress who first serve on or after the date of the bill's enactment.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Referred to the Committee on House Administration, and in addition to the Committee on Oversight and Reform, 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. (on 02/25/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/1359/all-info |
| BillText | https://www.congress.gov/117/bills/hr1359/BILLS-117hr1359ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr1359/BILLS-117hr1359ih.pdf.pdf |
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