A picture of Representative Sam Johnson
Sam J.
Republican TX 3

About Rep. Sam
  • Servicemembers Retirement Improvement Act

    by Representative Sam Johnson

    Posted on 2016-01-12

    submit to reddit

    JOHNSON of Texas asked and was given permission to address the House for 1 minute and to revise and extend his remarks.) Mr. SAM JOHNSON of Texas. Mr. Speaker, most of America's Guard and Reserve forces also hold civilian jobs in addition to their military service; but, unfortunately, the IRS doesn't treat these heroes fairly when it comes to their retirement savings.

    Right now, if a Guard or a Reserve servicemember decides to benefit from a Thrift Savings Plan, or TSP, match, then the IRS may limit the member's ability to save for retirement simply because he also has a civilian career.

    This is wrong, which is why I will be introducing the Servicemembers Retirement Improvement Act. I am pleased that the bill is supported by a wide range of military and veteran advocacy groups.

    Just because they happen to be serving our country, our servicemembers shouldn't be penalized when it comes to saving for their retirements. We are working hard to right this wrong.


  • submit to reddit
  • Register your constituent account to respond

    Constituent Register