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Code · BILL · 116th Congress · H.R. 6395 (Placed on Calendar Senate) — To authorize appropriations for fiscal year 2021 for military activities of the Department of Defense, for military c... · Sec. 625

Sec. 625. Study on feasibility of TSP contributions by military spouses

221 words·~1 min read·/bill/116/hr/6395/pcs/section-625

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The Secretary of Defense shall conduct a study on potential enhancements to the military Thrift Savings Plan administered by the Federal Retirement Thrift Investment Board. The study under subsection
(a)shall include the following: An evaluation of the effect of allowing military spouses to contribute or make eligible retirement account transfers to the military Thrift Savings Plan account of the member of the Armed Forces to whom that military spouse in married. Legislation the Secretary determines necessary to permit contributions and transfers described in paragraph (1). An evaluation of whether and to what extent employer-funded matching of contributions described in paragraph
(1)may encourage further participation in the military Thrift Savings Plan. Not later than February 1, 2021, the Secretary of Defense shall submit to the Federal Retirement Thrift Investment Board a report on the results of the study under subsection (a). Not later than 60 days after receiving the report under paragraph (1), the Federal Thrift Savings Retirement Board shall analyze the report under paragraph (1), generate recommendations and comments it determines appropriate, and submit such analysis, recommendations, and comments to the Secretary. Not later than April 1, 2021, the Secretary shall submit to the Committees on Armed Services of the Senate and House of Representatives the report under paragraph
(1)and the analysis, recommendations, and comments under paragraph (2).
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