Thrift Savings Plan Open Elections Act of 2004

Summary

Thrift Savings Plan Open Elections Act of 2004 - Allows an election by a Federal employee or member to make contributions under the Thrift Savings Plan (TSP) of the Federal Employees' Retirement System to be made at any time. Provides that such an election shall take effect on the earliest date after the election that is administratively feasible and shall remain in effect until modified or terminated. Prohibits agency contributions from beginning to be made for an employee or member until the date that such contributions would have begun to be made in accordance with regulations as administered on the date preceding the enactment of this Act. Instructs the Federal Retirement Thrift Investment Board to: (1) periodically evaluate whether the tools available to participants provide the information needed to understand, evaluate, and compare financial products, services, and opportunities offered through the TSP; (2) use these evaluations to improve its existing program for TSP participants; and (3) annually report on its TSP education efforts on behalf of plan participants. Directs the Office of Personnel Management (OPM), as part of the retirement training offered by OPM, to develop and implement a retirement financial literacy and education strategy for Federal employees that: (1) educates Federal employees on the need for retirement savings and investment; and (2) provides information related to how Federal employees can receive additional information on how to plan for retirement and calculate what their retirement investment should be in order to meet their retirement goals.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 21 May 2004

   Referred

   Committee on Governmental Affairs referred to Subcommittee on Financial Management, the Budget, and International Security.

   Source: Committee

2. 21 May 2004

   Introduced

   Read twice and referred to the Committee on Governmental Affairs.

   Source: IntroReferral

3. 21 May 2004

   Introduced

   Sponsor introductory remarks on measure. (CR S6105-6106)

   Source: IntroReferral

4. 21 May 2004

   Introduced

   Introduced in Senate

   Source: IntroReferral

5. 2 June 2004

   Reported

   Committee on Governmental Affairs. Ordered to be reported without amendment favorably.

   Source: Committee

6. 25 June 2004

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 606.

   Source: Calendars

7. 25 June 2004

   Reported

   Committee on Governmental Affairs. Reported by Senator Collins without amendment. With written report No. 108-290.

   Source: Committee

8. 25 June 2004

   Reported

   Committee on Governmental Affairs. Reported by Senator Collins without amendment. With written report No. 108-290.

   Source: Committee

9. 16 July 2004

   Passed

   Passed Senate without amendment by Unanimous Consent. (consideration: CR S8400; text: CR S8400)

   Source: Floor

10. 16 July 2004

    Passed

    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S8400; text: CR S8400)

    Source: Floor

11. 19 July 2004

    Introduced

    Referred to the House Committee on Government Reform.

    Source: IntroReferral

12. 19 July 2004

    Floor

    Received in the House.

    Source: Floor

13. 19 July 2004

    Floor

    Message on Senate action sent to the House.

    Source: Floor

Votes

No vote records are attached yet.

Versions

• Referred in House · 19 July 2004 · Official file
• Engrossed in Senate · 16 July 2004 · Official file
• Reported to Senate · 25 June 2004 · Official file
• Introduced in Senate · 21 May 2004 · Official file

Documents

11 official files

• Referred in House (text)

  Referred in House · EN · 19 July 2004

  ViewDownloadOpen at official source

• Referred in House (PDF)

  Referred in House · EN · 19 July 2004

  ViewDownloadOpen at official source

• Engrossed in Senate (text)

  Engrossed in Senate · EN · 16 July 2004

  ViewDownloadOpen at official source

• Engrossed in Senate (PDF)

  Engrossed in Senate · EN · 16 July 2004

  ViewDownloadOpen at official source

• Passed Senate without amendment

  summary · EN · 16 July 2004

  Open at official source

• Reported to Senate (text)

  Reported to Senate · EN · 25 June 2004

  ViewDownloadOpen at official source

• Reported to Senate (PDF)

  Reported to Senate · EN · 25 June 2004

  ViewDownloadOpen at official source

• Reported to Senate without amendment

  summary · EN · 25 June 2004

  Open at official source

• Introduced in Senate (text)

  Introduced in Senate · EN · 21 May 2004

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 21 May 2004

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 21 May 2004

  Open at official source

Sponsors

• Susan Collins · R · Sponsor
• Rep. Akaka, Daniel K. [D-HI-2] · D · Sponsor
• Sen. Fitzgerald, Peter [R-IL] · R · Sponsor
• Sen. Lieberman, Joseph I. [D-CT] · D · Sponsor
• Sen. Voinovich, George V. [R-OH] · R · Sponsor
• · hsgo00 · Standing
• · ssga00 · Standing

Related records

No cross-record relationships stored yet.