Page:United States Statutes at Large Volume 116 Part 3.djvu/771

 PUBLIC LAW 107-304—NOV. 27, 2002 116 STAT. 2363 Public Law 107-304 107th Congress An Act To amend title 5, United States Code, to allow certain catch-up contributions to the Thrift Savings Plan to be made by participants age 50 or over; to reauthorize Nov. 27, 2002 the Merit Systems Protection Board and the Office of Special Counsel; and for [H R 3340] other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. THRIFT SAVINGS PLAN CATCH-UP CONTRIBUTIONS. (a) CIVIL SERVICE RETIREMENT SYSTEM.— Paragraph (2) of section 8351(b) of title 5, United States Code, is amended by adding at the end the following: "(C) Notwithstanding any limitation under this paragraph, an eligible participant (as defined by section 414(v) of the Internal Revenue Code of 1986) may make such additional contributions to the Thrift Savings Fund as are permitted by such section 414(v) and regulations of the Executive Director consistent therewith.". (b) FEDERAL EMPLOYEES' RETIREMENT SYSTEM.— (1) PROVISION APPLICABLE TO EMPLOYEES GENERALLY. — Subsection (a) of section 8432 of title 5, United States Code, is amended by adding at the end the following: "(3) Notwithstanding any limitation under this subsection, an eligible participant (as defined by section 414(v) of the Internal Revenue Code of 1986) may make such additional contributions to the Thrift Savings Fund as are permitted by such section 414(v) and regulations of the Executive Director consistent therewith.". (2) PROVISION APPLICABLE TO CERTAIN OTHER INDIVID- UALS.— Section 8440f of title 5, United States Code, is amended— (A) by striking "The maximum" and inserting "(a) The maximum"; and (B) by adding at the end the following: "(b) Notwithstanding any limitation under this section, an eligible participant (as defined by section 414(v) of the Internal Revenue Code of 1986) may make such additional contributions to the Thrift Savings Fund as are permitted by such section 414(v) and regulations of the Executive Director consistent therewith.". (c) EFFECTIVE DATE.— The amendments made by this section 5 USC 8351 note, shall take effect as of the earliest practicable date, as determined by the Executive Director (appointed under section 8474(a) of title 5, United States Code) in regulations.

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