II 
108TH CONGRESS 
2D SESSION 
H. R. 4324
IN THE SENATE OF THE UNITED STATES 
NOVEMBER 19, 2004
Received 
AN ACT 
To amend chapter 84 of title 5, United States Code, to 
provide for Federal employees to make elections to make, 
modify, and terminate contributions to the Thrift Sav-
ings Fund at any time, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
HR 4324 RDS 
SECTION 1. ELECTIONS FOR THRIFT SAVINGS PLAN CON-
TRIBUTIONS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Thrift Savings Plan Open Elections Act of 2004’’. 
(b) IN GENERAL.—Section 8432(b)(1)(A) of title 5, 
United States Code, is amended—
(1) in the first sentence—
(A) by inserting ‘‘(i)’’ before ‘‘The Execu-
tive Director’’; and 
(B) by striking ‘‘shall be afforded a rea-
sonable period every 6 months to elect to’’ and 
inserting ‘‘may’’; 
(2) by striking the second sentence; and 
(3) by adding at the end the following: 
‘‘(ii) An election to make contributions under this 
paragraph—
‘‘(I) may be made at any time; 
‘‘(II) shall take effect on the earliest date after 
the election that is administratively feasible; and 
‘‘(III) shall remain in effect until modified or 
terminated.’’. 
(c) CONTINUATION
OF
NOT MAKING IMMEDIATE 
AGENCY CONTRIBUTIONS.—Section 8432(b)(4)(C) of title 
5, United States Code, is amended—
(1) by inserting ‘‘(i)’’ after ‘‘(C)’’; and 
(2) by adding at the end the following:
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‘‘(ii) Notwithstanding subparagraph (A) or (B), 
contributions under paragraphs (1) and (2) of sub-
section (c) shall not begin to be made with respect 
to an employee or Member described under para-
graph (2)(A) or (B) until the date that such con-
tributions would have begun to be made in accord-
ance with this paragraph as administered on the 
date preceding the date of enactment of the Thrift 
Savings Plan Open Elections Act of 2004.’’. 
(d) TECHNICAL AND CONFORMING AMENDMENTS.—
(1) CIVIL SERVICE RETIREMENT SYSTEM PAR-
TICIPATION.—Section 8351(a)(2) of title 5, United 
States Code, is amended by striking ‘‘only during a 
period’’ and inserting ‘‘as’’. 
(2) CONTRIBUTIONS
BY
PREVIOUSLY
INELI-
GIBLE EMPLOYEES.—Section 8432(b)(2) of title 5, 
United States Code, is amended—
(A) in subparagraph (A), by striking ‘‘sec-
ond period’’ and inserting ‘‘date’’; 
(B) in subparagraph (C), by striking ‘‘sec-
ond period’’ and inserting ‘‘date’’; and 
(C) in subparagraph (D) by striking 
‘‘other than during a period afforded’’ and in-
serting ‘‘as provided’’.
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(3) PROVISION
OF
INFORMATION.—Section 
8439(c)(2) of title 5, United States Code, is amend-
ed by striking ‘‘at least 30 calendar days before the 
beginning of each election period under section 
8432(b)(1)(A) of this title’’ and inserting ‘‘on a reg-
ular basis’’. 
(4) 
JUSTICES
AND
JUDGES.—Section 
8440a(a)(2) of title 5, United States Code, is 
amended by striking ‘‘only during a period’’ and in-
serting ‘‘as’’. 
(5) BANKRUPTCY
JUDGES
AND
MAGISTRATE 
JUDGES.—Section 8440b(a)(2) of title 5, United 
States Code, is amended by striking ‘‘only during a 
period’’ and inserting ‘‘as’’. 
(6) COURT OF FEDERAL CLAIMS JUDGES.—Sec-
tion 8440c(a)(2) of title 5, United States Code, is 
amended by striking ‘‘only during a period’’ and in-
serting ‘‘as’’. 
(7) JUDGES OF THE UNITED STATES COURT OF 
APPEALS
FOR
VETERANS
CLAIMS.—Section 
8440d(a)(2) of title 5, United States Code, is 
amended by striking ‘‘only during a period’’ and in-
serting ‘‘as’’.
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(8) MEMBERS
OF
THE
UNIFORMED
SERV-
ICES.—Section 8440e(b)(2)(A) of title 5, United 
States Code, is amended—
(A) by striking ‘‘only during a period’’ and 
inserting ‘‘as’’; and 
(B) by striking all after section ‘‘8432(b)’’ 
and inserting a period. 
SEC. 2. ENHANCING FINANCIAL LITERACY. 
(a) IN GENERAL.—The Federal Retirement Thrift 
Investment Board (in this section referred to as the 
‘‘Board’’) shall 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 Thrift Sav-
ings Plan. The Board shall use these evaluations to im-
prove its existing education program for Thrift Savings 
Plan participants. 
(b) REPORT ON FINANCIAL LITERACY EFFORTS.—
The Board shall annually report to the Committee on Gov-
ernmental Affairs of the Senate and the Committee on 
Government Reform of the House of Representatives on 
its Thrift Savings Plan education efforts on behalf of plan 
participants. 
(c) STRATEGY.—As part of the retirement training 
offered by Office of Personnel Management under section
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8350 of title 5, United States Code, the Office, in con-
sultation with the Board, shall—
(1) not later than 6 months after the date of 
enactment of this Act, develop and implement a re-
tirement financial literacy and education strategy for 
Federal employees that—
(A) shall educate Federal employees on the 
need for retirement savings and investment; 
and 
(B) provide information related to how 
Federal employees can receive additional infor-
mation on how to plan for retirement and cal-
culate what their retirement investment should 
be in order to meet their retirement goals; and 
(2) submit a report to the Committee on Gov-
ernmental Affairs of the Senate and the Committee 
on Government Reform of the House of Representa-
tives on the strategy described under paragraph (1). 
SEC. 3. TECHNICAL CORRECTIONS. 
Subchapter III of chapter 84 of title 5, United States 
Code, is amended—
(1) in section 8433(d)(1), by striking ‘‘para-
graph (3)’’ and inserting ‘‘paragraph (2)’’; and 
(2) in section 8440b(b)—
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(A) in paragraph (2), by striking ‘‘bank-
ruptcy judge’s or magistrate’s’’ and inserting 
‘‘bankruptcy judge’s or magistrate judge’s’’; 
and 
(B) in paragraphs (4)(B) and (8), by strik-
ing ‘‘bankruptcy judge or magistrate’’ each 
place it appears and inserting ‘‘bankruptcy 
judge or magistrate judge’’.
Passed the House of Representatives November 19, 
2004. 
Attest: 
JEFF TRANDAHL, 
Clerk.