CONTINUATION PAY FOR FULL THRIFT SAVINGS PLAN MEMBERS WHO HAVE COMPLETED 8 TO 12 YEARS OF SERVICE.

SEC. 633. CONTINUATION PAY FOR FULL THRIFT SAVINGS PLAN MEMBERS WHO HAVE COMPLETED 8 TO 12 YEARS OF SERVICE. (a) Continuation Pay.—Subsection (a) of section 356 of title 37, United States Code, is amended— (1) by striking paragraph (1) and inserting the following new paragraph (1): “(1) has completed not less than 8 and not more than 12 years of service in a uniformed service; and” ; and (2) in paragraph (2), by striking “an additional 4 years” and inserting “not less than 3 additional years”. (b) Payment Amount.—Subsection (b) of such section is amended by striking all the matter preceding paragraph (1) and inserting the following: “(b) Payment Amount. The Secretary concerned shall determine the payment amount under this section as a multiple of a full TSP member’s monthly basic pay. The multiple for a full TSP member who is a member of a regular component or a reserve component, if the member is performing active Guard and Reserve duty (as defined in section 101(d)(6) of title 10), shall not be less than 2.5 times the member’s monthly basic pay. The multiple for a full TSP member who is a member of a reserve component not performing active Guard or Reserve duty (as so defined) shall not be less than 0.5 times the monthly basic pay to which the member would be entitled if the member were a member of a regular component. The maximum amount the Secretary concerned may pay a member under this section is—” . (c) Timing of Payment.—Subsection (d) of such section is amended to read as follows: “(d) Timing of Payment. The Secretary concerned shall pay continuation pay under subsection (a) to a full TSP member when the member has completed not less than 8 and not more than 12 years of service in a uniformed service.” . (d) Conforming and Clerical Amendments.— (1) Heading.—The heading of such section is amended to read as follows: “SEC. 356. Continuation pay: full TSP members with 8 to 12 years of service” . (2) [37 U.S.C. 301] Table of sections.—The table of sections at the beginning of chapter 5 of such title is amended by striking the item relating to section 356 and inserting the following new item: “356. Continuation pay: full TSP members with 8 to 12 years of service.” . (e) [37 U.S.C. 356 note] Effective Date.—The amendments made by this section shall take effect on January 1, 2018, immediately after the coming into effect of the amendments providing for section 356 of title 37, United States Code, to which the amendments made by this section relate.