H.R. 4324 · 108th Congress
Thrift Savings Plan Open Elections Act of 2004
Law · 108-469 · Dec 21, 2004Key: what the circles and colors mean
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Became law without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted.
R
DavisSponsor2 cosponsors · 2 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced May 11, 2004
- House Passed Nov 19, 2004
- Senate Passed Dec 7, 2004
- President To the President Dec 10, 2004
- President Signed Dec 21, 2004
- Law Dec 21, 2004
Thrift Savings Plan Open Elections Act of 2004 - Allows an election by a Federal employee or member to make contributions under the Thrift Savings Plan (TSP) of the Federal Employees' Retirement System to be made at any time.
What it does: CRS summary · Public Law · Dec 21, 2004
Thrift Savings Plan Open Elections Act of 2004 - Allows an election by a Federal employee or member to make contributions under the Thrift Savings Plan (TSP) of the Federal Employees' Retirement System to be made at any time. Provides that such an election shall take effect on the earliest date after the election that is administratively feasible and shall remain in effect until modified or terminated. Prohibits agency contributions from beginning to be made for an employee or member until the date that such contributions would have begun to be made in accordance with regulations as administered on the date preceding the enactment of this Act.
Instructs the Federal Retirement Thrift Investment Board to: (1) periodically evaluate whether the tools available to participants provide the information needed to understand, evaluate, and compare financial products, services, and opportunities offered through the TSP; (2) use these evaluations to improve its existing program for TSP participants; and (3) annually report to the Committee on Governmental Affairs of the Senate and the Committee on Government Reform of the House of Representatives on its TSP education efforts on behalf of plan participants.
Directs the Office of Personnel Management (OPM), as part of the retirement training offered by OPM, to: (1) develop and implement a retirement financial literacy and education strategy for Federal employees that educates Federal employees on the need for retirement savings and investment and that provides information related to how Federal employees can receive additional information on how to plan for retirement and calculate what their retirement investment should be in order to meet their retirement goals; and (2) submit a report on such strategy to such committees.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Thrift Savings Plan Open Elections Act of 2004
Latest action (Dec 21, 2004): Became Public Law No: 108-469.
Policy area: Government Operations and Politics · Origin: House · Introduced: May 11, 2004
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced May 11, 2004
- House Passed Nov 19, 2004
- Senate Passed Dec 7, 2004
- President To the President Dec 10, 2004
- President Signed Dec 21, 2004
- Law Dec 21, 2004
No recorded floor vote found.