Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 1804) to amend title 5, United States Code, to make certain modifications in the Thrift Savings Plan, the Civil Service Retirement System, and the Federal Employees'…
Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 1804) to amend title 5, United States Code, to make certain modifications in the Thrift Savings Plan, the Civil Service Retirement System, and the Federal Employees' Retirement System, and for other purposes.
Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days within which to revise and extend their remarks.
Mr. Speaker, I yield myself such time as I may consume.
Today, I am pleased to bring to the floor H.R. 1804, the Federal Retirement Reform Act of 2009. The bill modernizes the Thrift Savings Plan, the retirement savings plan for Federal employees. The legislation includes several other important retirement reforms for Federal employees and members of the Armed Forces.
This bill enjoyed strong bipartisan support in the last Congress when it passed the House as H.R. 1108. Two weeks ago, the Oversight and Government Reform Committee again considered and reported favorably the current language of this bill. I am pleased that the bill makes further progress in ending the military family tax which unfairly penalizes the survivors of those who died in service or as a result of their service- connected injuries.
As Chairman Skelton will explain, this bill increases the monthly amounts paid to surviving spouses who are denied the full amount of their annuity under the Survivor Benefit Plan. Our enhancement to the TSP program also will benefit military members and their families.
The Federal Employee Thrift Savings Plan is one of the best retirement savings programs in the Nation. The plan runs with very low cost and is a model for both the private sector and other governments. The bill we are considering today will strengthen and modernize the
I recognize the gentleman from Missouri (Mr. Skelton) for 3 minutes, the person who has worked really hard on this and has done a fantastic job. And of course, when it comes to the military and military personnel, he is always there doing the right thing.
Mr. Speaker, I recognize one of the hardest working Members in this body, the chairman of the Federal Workforce Subcommittee, Stephen Lynch, for 3 minutes.
Mr. Speaker, I yield 2 minutes to the chairman of the Readiness Subcommittee on Armed Services, the gentleman from Texas, Mr. Solomon Ortiz.
Mr. Speaker, I yield 1 minute to the gentlewoman from California (Mrs. Davis), the chairwoman of the Military Personnel Subcommittee.
Mr. Speaker, I yield 2 minutes to Congressman Connolly from the great State of Virginia.
Mr. Speaker, I yield 1 minute to Congresswoman Carol Shea- Porter from New Hampshire.
I recognize the gentleman from Virginia (Mr. Moran) for 1 minute.
I would like to recognize the gentleman from Virginia, Glenn Nye, for 1 minute.
At this time I yield 1\1/2\ minutes to the Congresswoman from Washington, D.C., Ms. Eleanor Holmes Norton.
Does the gentleman have any further speakers?
I'd like to reserve the time to close.
How much time remains?
Let me begin by first thanking the gentleman from California (Mr. Issa) for his input. Let me thank the staff for all their input. I'd like to thank Congressman Skelton. And of course I'd like to thank Congressman Lynch for all the work they've done to make this bill better.
I'd like to reiterate my strong support for H.R. 1804. It will provide much-needed enhancements to the Thrift Savings Plan and to the Federal Government's retirement system.
I urge all of my colleagues to join in supporting the passage of this measure and, of course, because I think it will do so much for the servicemen and, of course, the widows of servicemen. And I think that we owe them that.
And this legislation is not perfect, but it's a giant step in the right direction. So I'm hoping that my colleagues will support this legislation. And let's move it very quickly through the House, and let's get it to the President's desk for him to be able to sign it.
Thank you so much for the support that we've gotten from everyone.
I yield back the balance of my time.