Q: What is the status of HR 4865, the bill that would allow federal retirees to deposit the cash value of their annual leave into TSP? Any chance of it being passed this year or next?
A: HR 4865 was reported out of the House Oversight and Reform Committee on April 14. Since then, no further action has been taken on it. Because there isn’t any companion bill in the Senate, it’s unlikely that anything will happen during this session of Congress. Next year is too far out of the range of my crystal ball to hazard a guess on its prospects.