Sec. 632. FULL PARTICIPATION FOR MEMBERS OF THE UNIFORMED SERVICES IN THE THRIFT SAVINGS PLAN
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## SEC. 632 FULL PARTICIPATION FOR MEMBERS OF THE UNIFORMED SERVICES IN THE THRIFT SAVINGS PLAN ###
(a)Modernized Retirement System ####
(1)Definitions Section 8440e(a) of title 5, United States Code, is amended by striking paragraphs
(1)and
(2)and inserting the following new paragraphs: > > #### “(1) > > the term ‘basic pay’ means basic pay payable under section 204 of title 37; > > > #### “(2) > > the term ‘full TSP member’ means a member described in subsection (e)(1); > > > #### “(3) > > the term ‘member’ has the meaning given the term in section 211 of title 37; and > > > #### “(4) > > the term ‘Secretary concerned’ has the meaning given the term in section 101 of title 37.” > . ####
(2)TSP contributions Subsection
(e)of section 8440e of title 5, United States Code, is amended to read as follows: > > ### “(e) Modernized Retirement System > > > #### “(1) TSP contributions > > Notwithstanding any other provision of law, the Secretary concerned shall make contributions to the Thrift Savings Fund, in accordance with section 8432 (except to the extent the requirements under such section are modified by this subsection), for the benefit of a member— > > > ##### “(A) > > who first enters a uniformed service on or after January 1, 2018; or > > > ##### “(B) > > who— > > > ###### “(i) > > first entered a uniformed service before January 1, 2018; > > > ###### “(ii) > > has completed fewer than 12 years of service in the uniformed services as of December 31, 2017; and > > > ###### “(iii) > > makes the election described in section 1409(b)(4)(B) or 12729(f)(2) of title 10 to receive Thrift Savings Plan contributions under this subsection in exchange for the reduced multipliers described in section 1409(b)(4)(A) or 12739(f)(1) of title 10, as applicable, for purposes of calculating the retired pay of the member. > > > #### “(2) Maximum amount > > The amount contributed under this subsection by the Secretary concerned for the benefit of a full TSP member for any pay period shall not be more than 5 percent of the member’s basic pay for such pay period. Any such contribution under this subsection, though in accordance with section 8432 as provided in paragraph (1), is instead of, and not in addition to, amounts contributable under section 8432 as provided in section 8432(c). > > > #### “(3) Timing and duration of contributions > > > ##### “(A) Automatic contributions > > The Secretary concerned shall make a contribution described in section 8432(c)(1) under this subsection for the benefit of a member described in paragraph
(1)for any pay period during the period that— > > > ###### “(i) > > begins— > > > ###### “(I) > > on or after the day that is 60 days afer the date the member first enters a uniformed service, in the case of a member described in paragraph (1)(A); or > > > ###### “(II) > > on or after the date the member makes the election described in paragraph (1)(B), in the case of a member making such an election; and > > > ###### “(ii) > > ends on the day such member completes 26 years of service as a member of the uniformed services. > > > ##### “(B) Matching contributions > > The Secretary concerned shall make a contribution described in section 8432(c)(2) under this subsection for the benefit of a member described in paragraph
(1)for any pay period during the period that— > > > ###### “(i) > > begins— > > > ###### “(I) > > on or after the day that is 2 years and 1 day after the date the member first enters a uniformed service, in the case of a member described in paragraph (1)(A); or > > > ###### “(II) > > on or after the date the member makes the election described in paragraph (1)(B), in the case of a member making such an election; and > > > ###### “(ii) > > ends on the day such member completes 26 years of service as a member of the uniformed services. > > > #### “(4) Protections for spouses and former spouses > > Section 8435 shall apply to a full TSP member in the same manner as such section is applied to an employee or Member under such section.” > . ###
(b)Automatic Enrollment in Thrift Savings Plan Section 8432(b)(2) of title 5, United States Code, is amended— ####
(1)in subparagraph (D)(ii), by striking “Members” and inserting “(ii) Except in the case of a full TSP member (as defined in section 8440e(a)), members”; ####
(2)in subparagraph (E), by striking “8440e(a)(1)” and inserting “8440e(b)(1)”; and ####
(3)by adding at the end the following new subparagraph: > > ##### “(F) > > Notwithstanding any other provision of this paragraph, if a full TSP member (as defined in section 8440e(a)) has declined automatic enrollment into the Thrift Savings Plan for a year, the full TSP member shall be automatically reenrolled on January 1 of the succeeding year, with contributions under subsection
(a)at the default percentage of basic pay.” > . ###
(c)Vesting ####
(1)Two-years of service Section 8432(g)(2) of title 5, United States Code, is amended— #####
(A)in subparagraph (A)(iii), by striking “or” after the semicolon; #####
(B)in subparagraph (B), by striking the period at the end and inserting “; or”; and #####
(C)by adding at the end the following: > > ##### “(C) > > 2 years of service in the case of a member of the uniformed services.” > . **[**Paragraph
(2)repealed by section 632 of division A of Public Law 114–328.**]** ###
(d)Thrift Savings Plan Default Investment Fund Section 8438(c)(2) of title 5, United States Code, is amended— ####
(1)in subparagraph (A), by striking “(A) Consistent with the requirements of subparagraph (B), if an” and inserting “If an”; and ####
(2)by striking subparagraph (B). ###
(e)Repeal of Separate Contribution Agreement Authority ####
(1)Repeal Section 211 of title 37, United States Code, is amended— #####
(A)by striking subsection (d); and #####
(B)by redesignating subsection
(e)as subsection (d). ####
(2)Conforming Amendment Section 8432b(c)(2)(B) of title 5, United States Code, is amended by striking “(including pursuant to an agreement under section 211(d) of title 37)”.
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Sec. 632
FULL PARTICIPATION FOR MEMBERS OF THE UNIFORMED SERVICES IN THE THRIFT SAVINGS PLAN
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