Bill Would Allow Veterans to Contribute Disability Compensation to the TSP

Close-up of the Capitol's dome with the US flag

November 13, 2017

Legislation that has been introduced in the spirit of Veterans Day would give some veterans an additional option to help with saving for retirement.

 The Financial Independence for Disabled Veterans Act (H.R. 4262) would allow disabled veterans to contribute to their Thrift Savings Plan accounts using their disability compensation. It is being sponsored by Congressman Mark Walker (R-NC).

Walker notes that servicemen and servicewomen have been allowed to contribute to the TSP since 2015, but that they are not able to contribute once they leave military service.

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