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Congress Members: Optional Retirement System and Savings Plan Participation

This act allows new members of Congress to opt out of the federal retirement system. At the same time, these individuals will still be able to participate in the savings plan available to federal employees. These changes provide greater flexibility in managing future retirement benefits for elected officials.
Key points
New Members of the House of Representatives (including Delegates) can choose not to participate in the Federal Employees Retirement System (FERS).
Members of Congress who opt out of FERS can still contribute to their Thrift Savings Plan (TSP) accounts.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_4926
Sponsor: Rep. Massie, Thomas [R-KY-4]
Process start date: 2023-07-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Members of Congress Pension Opt Out Clarification Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4926.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-07-26.

What are the main provisions?

Key points include:

  • New Members of the House of Representatives (including Delegates) can choose not to participate in the Federal Employees Retirement System (FERS).
  • Members of Congress who opt out of FERS can still contribute to their Thrift Savings Plan (TSP) accounts.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Massie, Thomas [R-KY-4].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Benefits Labor