[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4926 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 4926

   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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 26, 2023

  Mr. Massie introduced the following bill; which was referred to the 
Committee on House Administration, and in addition to the Committee on 
     Oversight and Accountability, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Members of Congress Pension Opt Out 
Clarification Act''.

SEC. 2. MAKING FERS OPTIONAL FOR MEMBERS.

    (a) In General.--
            (1) Amendment.--Section 8401(20) of title 5, United States 
        Code, is amended by striking ``, and who (in the case'' and all 
        that follows through ``2004''.
            (2) Applicability.--The amendment made by paragraph (1) 
        shall apply with respect to an individual who first serves as a 
        Member of the House of Representatives, including a Delegate or 
        Resident Commissioner to the Congress, on or after the date of 
        enactment of this Act.
    (b) Continued Participation in TSP.--
            (1) Amendment.--Section 8401(20) of title 5, United States 
        Code, as amended by subsection (a), is further amended--
                    (A) by striking ``term `Member' has'' and inserting 
                the following: ``term `Member'--
                    ``(A) has'';
                    (B) by inserting ``, subject to subparagraph (B),'' 
                after ``except that'';
                    (C) by adding ``and'' after the semicolon at the 
                end; and
                    (D) by adding at the end the following:
            ``(B) for purposes of subchapter III, has the same meaning 
        as provided in section 2106, without regard to whether the 
        individual elects not to participate in the Federal Employees' 
        Retirement System;''.
            (2) Conforming amendment to tsp.--Section 8431(a) of title 
        5, United States Code, is amended by inserting ``except as 
        provided in section 8401(20)(B),'' after ``subchapter,''.
            (3) Applicability.--The amendments made by this subsection 
        shall apply with respect to an individual who makes an election 
        described in section 8401(20) of title 5, United States Code, 
        not to participate in the Federal Employees' Retirement System 
        before, on, or after the date of enactment of this Act.
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