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8 GENERAL LEGISLATION
6. Federal Employees
123 STAT. 1776 PUBLIC LAW 111–31—JUNE 22, 2009
June 22, 2009
[H.R. 1256]
123 STAT. 1852 Federal Retirement Reform Act
of 2009.
5 USC 101 note.
123 STAT. 1853 Thrift
Savings Plan Enhancement Act of 2009.
5 USC 101 note.
Regulations.
To protect the public health by providing the Food and Drug Administration with certain authority to regulate tobacco products, 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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
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DIVISION B—FEDERAL RETIREMENT REFORM ACT
SEC. 100. SHORT TITLE; TABLE OF CONTENTS.
(a) SHORT TITLE.—This division may be cited as the ‘‘Federal Retirement Reform Act of 2009’’.
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TITLE I—PROVISIONS RELATING TO FEDERAL EMPLOYEES RETIREMENT
SEC. 101. SHORT TITLE.
This title may be cited as the ‘‘Thrift Savings Plan Enhance- ment Act of 2009’’.
SEC. 102. AUTOMATIC ENROLLMENTS AND IMMEDIATE EMPLOYING AGENCY CONTRIBUTIONS.
(a) IN GENERAL.—Section 8432(b) of title 5, United States Code, is amended by striking paragraphs (2) through (4) and inserting the following:
‘‘(2)(A) The Executive Director shall by regulation provide for an eligible individual to be automatically enrolled to make contribu- tions under subsection (a) at the default percentage of basic pay.
‘‘(B) For purposes of this paragraph, the default percentage shall be equal to 3 percent or such other percentage, not less than 2 percent nor more than 5 percent, as the Board may prescribe.
‘‘(C) The regulations shall include provisions under which any individual who would otherwise be automatically enrolled in accord- ance with subparagraph (A) may—
‘‘(i) modify the percentage or amount to be contributed pursuant to automatic enrollment, effective not later than the first full pay period following receipt of the election by the appropriate processing entity; or
‘‘(ii) decline automatic enrollment altogether.
‘‘(D)(i) Except as provided in clause (ii), for purposes of this paragraph, the term ‘eligible individual’ means any individual who, after any regulations under subparagraph (A) first take effect, is appointed, transferred, or reappointed to a position in which that individual becomes eligible to contribute to the Thrift Savings
Fund.
Public Law 111–31 111th Congress
An Act