H. R. 981
IN THE HOUSE OF REPRESENTATIVES
March 9, 2011
Mr. Nugent introduced the following bill; which was referred to the Committee on House Administration, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
To allow Members of Congress to decline certain retirement benefits and contributions by the Federal Government, and for other purposes.
This Act may be cited as the
Congress is Not a Career Act.
Granting Members of Congress the option to decline certain benefits
Federal Employees Retirement System opt out
Section 8401(20) of title 5, United States
Code, is amended by striking
, and who and all that follows
Thrift Savings Plan agency contribution opt out
Section 8432(c) of such title is amended by adding at the end the following:
Notwithstanding any other provision of this subsection, contributions under paragraphs (1) through (3) may not be made in the case of any Member who makes an election under subparagraph (B).
Any Member may, by written notice to the official by whom such Member is paid, elect not to receive contributions under this subsection. An election under this subparagraph—
shall be effective with respect to pay periods beginning on or after the date on which such election is made; and
shall be irrevocable.