[Congressional Record Volume 163, Number 144 (Thursday, September 7, 2017)]
[Senate]
[Page S5069]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 833. Mrs. MURRAY submitted an amendment intended to be proposed by 
her to the bill H.R. 2810, to authorize appropriations for fiscal year 
2018 for military activities of the Department of Defense, for military 
construction, and for defense activities of the Department of Energy, 
to prescribe military personnel strengths for such fiscal year, and for 
other purposes; which was ordered to lie on the table; as follows:

       At the end of part I of subtitle C of title VI, add the 
     following:

     SEC. ___. PROMOTION OF FINANCIAL LITERACY CONCERNING 
                   RETIREMENT AMONG MEMBERS OF THE ARMED FORCES.

       (a) Programs for Promotion Required.--The Secretary of 
     Defense shall develop programs of financial literacy for 
     members of the Armed Forces to assist members in better 
     understanding retirement options and planning for retirement.
       (b) Information on Comparative Value of Lump Sum and 
     Monthly Payments of Retired Pay With Conventional Retired 
     Pay.--The Secretary of Defense shall develop information to 
     be provided to members of the Armed Forces who are eligible 
     to make the election provided for in subsection (b)(1) of 
     section 1415 of title 10, United States Code, to assist such 
     members in making an informed comparison for purposes of the 
     election between the following:
       (1) The value of the lump sum payment of retired pay and 
     monthly payments provided for in such subsection (b)(1) by 
     reason of the election, including the manner in which the 
     lump sum and such monthly payments are determined for any 
     particular member.
       (2) The value of retired pay payable under subsection (d) 
     of such section in the absence of the election, including the 
     manner in which such retired pay is determined for any 
     particular member.
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