To provide for the promotion of financial literacy concerning retirement among members of the Armed Forces.

SA 833. Mrs. MURRAY submitted an amendment intended to be proposed by
her to the bill H.R. 2810, to authorize appropriations for fiscal year
2018 for military activities of the Department of Defense, for military
construction, and for defense activities of the Department of Energy,
to prescribe military personnel strengths for such fiscal year, and for
other purposes; which was ordered to lie on the table; as follows:

At the end of part I of subtitle C of title VI, add the
following:

SEC. ___. PROMOTION OF FINANCIAL LITERACY CONCERNING
RETIREMENT AMONG MEMBERS OF THE ARMED FORCES.

(a) Programs for Promotion Required.--The Secretary of
Defense shall develop programs of financial literacy for
members of the Armed Forces to assist members in better
understanding retirement options and planning for retirement.
(b) Information on Comparative Value of Lump Sum and
Monthly Payments of Retired Pay With Conventional Retired
Pay.--The Secretary of Defense shall develop information to
be provided to members of the Armed Forces who are eligible
to make the election provided for in subsection (b)(1) of
section 1415 of title 10, United States Code, to assist such
members in making an informed comparison for purposes of the
election between the following:
(1) The value of the lump sum payment of retired pay and
monthly payments provided for in such subsection (b)(1) by
reason of the election, including the manner in which the
lump sum and such monthly payments are determined for any
particular member.
(2) The value of retired pay payable under subsection (d)
of such section in the absence of the election, including the
manner in which such retired pay is determined for any
particular member.
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