The federal government plays a large role in supporting private pension plans. Besides providing tax incentives for employer-sponsored and individual retirement accounts, as well as providing defined-benefit and defined-contribution pension plans for federal employees, federal funds also support the Pension Benefit Guaranty Corporation, which insures pension benefits for many nonfederal defined-benefit pension plans.
H.R. 4365, a bill to amend title 5, United States Code, to make clear that accounts in the Thrift Savings Fund are subject to certain federal tax levies