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[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4865 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4865

 To amend title 5, United States Code, to provide that an employee of 
    the Federal Government or member of the uniformed services may 
contribute to the Thrift Savings Fund any payment that the employee or 
 member receives for accumulated and accrued annual or vacation leave, 
                        and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             March 17, 2010

Mr. Lynch (for himself and Mr. Chaffetz) introduced the following bill; 
 which was referred to the Committee on Oversight and Government Reform

_______________________________________________________________________

                                 A BILL

 
 To amend title 5, United States Code, to provide that an employee of 
    the Federal Government or member of the uniformed services may 
contribute to the Thrift Savings Fund any payment that the employee or 
 member receives for accumulated and accrued annual or vacation leave, 
                        and for other purposes.

    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 ``Federal Employees and Uniformed 
Services Retirement Equity Act of 2010''.

SEC. 2. CONTRIBUTIONS TO THRIFT SAVINGS FUND OF PAYMENTS FOR ACCRUED OR 
              ACCUMULATED LEAVE.

    (a) Amendments Relating to CSRS.--Section 8351(b) of title 5, 
United States Code, is amended--
            (1) by striking paragraph (2)(A) and inserting the 
        following:
    ``(2)(A) An employee or Member may contribute to the Thrift Savings 
Fund in any pay period any amount of such employee's or Member's basic 
pay for such pay period, and may contribute (by direct transfer to the 
Fund) any part of any payment that the employee or Member receives for 
accumulated and accrued annual or vacation leave under sections 5551 or 
5552. Notwithstanding section 2105(e), in this paragraph the term 
`employee' includes an employee of the United States Postal Service or 
of the Postal Regulatory Commission.'';
            (2) by striking subparagraph (B) of paragraph (2); and
            (3) by redesignating subparagraph (C) of paragraph (2) as 
        subparagraph (B).
    (b) Amendments Relating to FERS.--
            (1) In general.--Section 8432(a) of title 5, United States 
        Code, is amended--
                    (A) by striking paragraphs (1) and (2) and 
                inserting the following:
    ``(1) An employee or Member--
            ``(A) may contribute to the Thrift Savings Fund in any pay 
        period, pursuant to an election under subsection (b), any 
        amount of such employee's or Member's basic pay for such pay 
        period; and
            ``(B) may contribute (by direct transfer to the Fund) any 
        part of any payment that the employee or Member receives for 
        accumulated and accrued annual or vacation leave under sections 
        5551 or 5552.
    ``(2) Contributions made under paragraph (1)(A) pursuant to an 
election under subsection (b) shall, with respect to each pay period 
for which such election remains in effect, be made in accordance with a 
program of regular contributions provided in regulations prescribed by 
the Executive Director.''; and
                    (B) by adding at the end the following new 
                paragraph:
    ``(4) Notwithstanding section 2105(e), in this subsection the term 
`employee' includes an employee of the United States Postal Service or 
of the Postal Regulatory Commission.''.
            (2) Members of the uniformed services.--Section 8440e(d) of 
        title 5, United States Code, is amended--
                    (A) by redesignating paragraph (3) as paragraph 
                (4); and
                    (B) by inserting after paragraph (2) the following:
    ``(3) A member making contributions to the Thrift Savings Fund out 
of basic pay, or out of compensation under section 206 of title 37, may 
also contribute (by direct transfer to the Fund) all or part of any 
payment that such member receives for unused accrued leave under 
section 501 of such title.''.
    (c) Regulations.--
            (1) In general.--The Executive Director of the Federal 
        Retirement Thrift Investment Board shall promulgate regulations 
        to carry out the amendments made by this section.
            (2) Authority to permit contributions by individuals 
        subject to other retirement systems.--Under the authority to 
        promulgate regulations under paragraph (1), the Executive 
        Director may permit an employee of the Federal Government or a 
        member of the uniformed services who is not given the authority 
        under any of the amendments made by this Act to contribute a 
        payment for accumulated and accrued annual or vacation leave to 
        the Thrift Savings Fund to contribute all or part of any such 
        payment to the Fund if--
                    (A) the employee or member is authorized under law 
                to receive such a payment;
                    (B) the employee or member is covered by an 
                equivalent Federal employee retirement system; and
                    (C) the employee or member is authorized under law 
                to contribute to the Fund.
                                 <all>
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