TheWeekInCongress.com

Week Ending December 10, 2004

HR 4324 to provide for Federal employees to make elections to make, modify, and terminate contributions to the Thrift Savings Fund at any time.

BRIEF

   Every six months Federal employees could elect to change their contributions to their Thrift Savings Fund plan.  

   The Federal Retirement Thrift Investment Board will evaluate from time to time if the tools available to plan members are enough for the members to understand. Evaluate and compare financial products, services and opportunities offered through the plan.

   The FRTIB conducts education programs for members to better understand their options.

Sponsor: Rep. Tom Davis (R-VA-1^st)

Vote:  Passed House without objection (Nov. 19. 2004); Passed Senate by Unanimous Consent (Dec. 7, 2004); Signed by President Bush as Public Law 108-469 (Dec. 21, 2004)

Cost to the taxpayers:  No discernible cost. ## All Rights Reserved. No reproduction or distribution without written permission from TheWeekInCong