S. 471: Members of Congress Pension Opt Out Clarification Act
CBO Report Details
Legislation Details
117th Congress
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.
Sponsor: Sen. Michael Braun — R — IN
Allows future Members of the House of Representatives to opt out of the Federal Employees Retirement System, an option currently available to Members of the House who began serving before September 30, 2003, and all Senators. In addition, it permits Members of Congress who opt out to continue to participate in the Thrift Savings Plan.
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