FORWARD Act

This bill permits military retirees and veterans receiving 100% disability compensation (under 38 U.S.C. §1114) to contribute a portion of their retired pay or disability benefits to the Thrift Savings Plan (TSP). It applies only to individuals who already held a TSP account before separating from service. The bill requires the Federal Retirement Thrift Investment Board, with Defense and Veterans Affairs, to issue implementing regulations within 180 days of enactment. This creates a new pathway for these veterans to grow retirement savings using their existing benefit payments.