Service Members Financial Planning Assistance Act of 2016

Summary

Service Members Financial Planning Assistance Act of 2016 This bill amends the National Defense Authorization Act for Fiscal Year 2016, effective as of January 1, 2018, to require the department concerned (Department of the Army, Navy, Air Force, Homeland Security, or Commerce) to ensure that certain members of the uniformed services who will be eligible to make an election of lump sum payment of certain military retired pay have access to retirement planning assistance with a certified financial planner, at no cost, by December 30, 2017, to help weigh the potential benefits and drawbacks of making such election and of selecting a particular payment percentage.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 December 2016

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• Introduced in House (PDF)

  Introduced in House · EN · 8 December 2016

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• Introduced in House

  summary · EN · 8 December 2016

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