Public Law 119-73 (01/23/2026)

5 U.S.C. § 8440b

Bankruptcy judges and magistrate judges

(a)
(1)
section 377 of title 28 A bankruptcy judge or magistrate judge who is covered by or section 2(c) of the Retirement and Survivors’ Annuities for Bankruptcy Judges and Magistrates Act of 1988 may elect to contribute an amount of such individual’s basic pay to the Thrift Savings Fund.
(2)
An election may be made under paragraph (1) as provided under section 8432(b) for individuals subject to this chapter.
(b)
(1)
Except as otherwise provided in this subsection, the provisions of this subchapter and subchapter VII shall apply with respect to bankruptcy judges and magistrate judges who make contributions to the Thrift Savings Fund under subsection (a) of this section.
(2)
The amount contributed by a bankruptcy judge or magistrate judge for any pay period shall not exceed the maximum percentage of such bankruptcy judge’s or magistrate judge’s basic pay for such pay period allowable under section 8440f.
(3)
section 8432(c) of this title No contributions shall be made under for the benefit of a bankruptcy judge or magistrate judge making contributions under subsection (a) of this section.
(4)
(A)
Section 8433(b) of this titlesection 377 of title 28 applies to a bankruptcy judge or magistrate judge who elects to make contributions to the Thrift Savings Fund under subsection (a) of this section and who retires entitled to an immediate annuity under (including a disability annuity under subsection (d) of such section) or section 2(c) of the Retirement and Survivors’ Annuities for Bankruptcy Judges and Magistrates Act of 1988.
(B)
Section 8433(b) of this titlesection 377 of title 28 applies to any bankruptcy judge or magistrate judge who elects to make contributions to the Thrift Savings Fund under subsection (a) of this section and who retires before attaining age 65 but is entitled, upon attaining age 65, to an annuity under or section 2(c) of the Retirement and Survivors Annuities for Bankruptcy Judges and Magistrates Act of 1988.
(C)
Section 8433(b) of this titlesection 377 of title 28 applies to any bankruptcy judge or magistrate judge who elects to make contributions to the Thrift Savings Fund under subsection (a) of this section and who retires before becoming entitled to an immediate annuity, or an annuity upon attaining age 65, under or section 2(c) of the Retirement and Survivors’ Annuities for Bankruptcy Judges and Magistrates Act of 1988.
(5)
With respect to bankruptcy judges and magistrate judges to whom this section applies, any of the actions described under paragraph (4)(A), (B), or (C) shall be considered a separation from service for purposes of this subchapter and subchapter VII.
(6)
section 377(d) of title 28 For purposes of this section, the terms “retirement” and “retire” include removal from office under on the sole ground of mental or physical disability.
(7)
section 377 of title 28 In the case of a bankruptcy judge or magistrate judge who receives a distribution from the Thrift Savings Plan and who later receives an annuity under , that annuity shall be offset by an amount equal to the amount of the distribution which represents the Government’s contribution to that person’s Thrift Savings Account, without regard to earnings attributable to that amount. Where such an offset would exceed 50 percent of the annuity to be received in the first year, the offset may be divided equally over the first 2 years in which that person receives the annuity.
(8)
Notwithstanding paragraph (4), if any bankruptcy judge or magistrate judge retires under circumstances making such bankruptcy judge or magistrate judge eligible to make an election under subsection (b) of section 8433, and such bankruptcy judge’s or magistrate judge’s nonforfeitable account balance is less than an amount that the Executive Director prescribes by regulation, the Executive Director shall pay the nonforfeitable account balance to the participant in a single payment.

Pub. L. 100–659, § 7(a)102 Stat. 3919Pub. L. 101–335104 Stat. 320Pub. L. 101–650, title III, § 321104 Stat. 5117Pub. L. 103–226, § 9(f)108 Stat. 120Pub. L. 104–208, div. A, title I, § 101(f) [title VI, § 659 [title II, § 205(b)]110 Stat. 3009–314Pub. L. 106–554, § 1(a)(4) [div. B, title I, § 138(a)(3)]114 Stat. 2763Pub. L. 108–469118 Stat. 3892(Added , , , § 8440a; renumbered § 8440b and amended , §§ 3(b)(3), 6(b)(3), 9(a), , , 324, 326; , , ; , , ; ], , , 3009–372, 3009–377; , , , 2763A–233; , §§ 1(d)(5), 3(2), , , 3893.)

Editorial Notes

References in Text

section 2(c) of Pub. L. 100–659section 377 of Title 28Section 2(c) of the Retirement and Survivors’ Annuities for Bankruptcy Judges and Magistrates Act of 1988, referred to in subsecs. (a)(1) and (b)(4), is , which is set out as a note under , Judiciary and Judicial Procedure.

Codification

section 8440c of this titleAnother section 8440b was renumbered .

Amendments

Pub. L. 108–469, § 1(d)(5)2004—Subsec. (a)(2). , substituted “as” for “only during a period”.

Pub. L. 108–469, § 3(2)(A)Subsec. (b)(2). , substituted “bankruptcy judge’s or magistrate judge’s” for “bankruptcy judge’s or magistrate’s”.

Pub. L. 108–469, § 3(2)(B)Subsec. (b)(4)(B). , substituted “bankruptcy judge or magistrate judge” for “bankruptcy judge or magistrate”.

Pub. L. 108–469, § 3(2)(B)Subsec. (b)(8). , substituted “bankruptcy judge or magistrate judge” for “bankruptcy judge or magistrate” in two places.

Pub. L. 106–5542000—Subsec. (b)(2). substituted “the maximum percentage of such bankruptcy judge’s or magistrate’s basic pay for such pay period allowable under section 8440f.” for “5 percent of basic pay for such pay period.”

Pub. L. 104–208, § 101(f) [title VI, § 659 [title II, § 205(b)(1)]1996—Subsec. (b)(7). ], inserted “of the distribution” after “equal to the amount” in first sentence.

Pub. L. 104–208, § 101(f) [title VI, § 659 [title II, § 205(b)(2)(A)]Subsec. (b)(8). ], substituted “less than an amount that the Executive Director prescribes by regulation” for “$3,500 or less”.

Pub. L. 104–208, § 101(f) [title VI, § 659 [title II, § 205(b)(2)(B)]], which directed that par. (8) be amended by striking out “unless the bankruptcy judge or magistrate elects, at such time and otherwise in such manner as the Executive Director prescribes, one of the options available under subsection (b)”, was executed by striking out “unless the bankruptcy judge or magistrate elects, at such time and otherwise in such manner as the Executive Director prescribes, one of the options available under such subsection (b)” before period at end, to reflect the probable intent of Congress.

Pub. L. 103–226, § 9(f)(1)Section 8433(c) of this titlesection 377 of title 28section 377 of title 281994—Subsec. (b)(4)(B). , amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “ applies to any bankruptcy judge or magistrate who elects to make contributions to the Thrift Savings Fund under subsection (a) of this section and who retires before attaining age 65 but is entitled, upon attaining age 65, to an annuity under or section 2(c) of the Retirement and Survivors’ Annuities for Bankruptcy Judges and Magistrates Act of 1988; except that the period described in paragraph (3) of section 8433(c) commences on or after the date on which payment of the bankruptcy judge’s or magistrate’s annuity under commences.”

Pub. L. 103–226, § 9(f)(2)Subsec. (b)(4)(C). , substituted “Section 8433(b)” for “Section 8433(d)”.

Pub. L. 103–226, § 9(f)(3)section 377 of title 28Subsec. (b)(5). , substituted “any of the actions described under paragraph (4)(A), (B), or (C) shall be considered” for “retirement under is”.

Pub. L. 103–226, § 9(f)(5)(B)Subsec. (b)(8). , which directed striking out “and (c), as applicable”, was executed by striking out “or (c), as applicable” before period at end to reflect the probable intent of Congress.

Pub. L. 103–226, § 9(f)(5)(A), substituted “Notwithstanding paragraph (4), if any bankruptcy judge or magistrate retires under circumstances making such bankruptcy judge or magistrate eligible to make an election under subsection (b)” for “Notwithstanding subparagraphs (A) and (B) of paragraph (4), if any bankruptcy judge or magistrate retires under circumstances making such bankruptcy judge or magistrate eligible to make an election under subsection (b) or (c)”.

Pub. L. 103–226, § 9(f)(4)section 377 of title 28, redesignated par. (9) as (8) and struck out former par. (8) which read as follows: “Notwithstanding paragraph (4)(C), if any bankruptcy judge or magistrate who elects to make contributions to the Thrift Savings Fund under subsection (a) retires before becoming entitled to an immediate annuity, or an annuity upon attaining age 65, under or section 2(c) of the Retirement and Survivors’ Annuities for Bankruptcy Judges and Magistrates Act of 1988, and such bankruptcy judge’s or magistrate’s nonforfeitable account balance is $3,500 or less, the Executive Director shall pay the nonforfeitable account balance to the participant in a single payment unless the bankruptcy judge or magistrate elects, at such time and otherwise in such manner as the Executive Director prescribes, to have the nonforfeitable account balance transferred to an eligible retirement plan as provided in section 8433(e).”

Pub. L. 103–226, § 9(f)(4)Subsec. (b)(9). , redesignated par. (9) as (8).

Pub. L. 101–335, § 9(a)section 8440a of this title1990—, renumbered as this section.

Pub. L. 101–335, § 3(b)(3)section 8438(b)(1)(A) of this titleSubsec. (b)(7). , redesignated par. (8) as (7) and struck out former par. (7) which read as follows: “Sums contributed pursuant to this section by bankruptcy judges or magistrates, as well as all previous contributions to the Thrift Savings Fund by those bankruptcy judges and magistrates, and earnings attributable to such sums and contributions, may be invested and reinvested only in the Government Securities Investment Fund established under .”

Pub. L. 101–335, § 6(b)(3)Subsec. (b)(8), (9). , added pars. (8) and (9). Former par. (8) redesignated (7).

Statutory Notes and Related Subsidiaries

Change of Name

section 321 of Pub. L. 101–650section 631 of Title 28Words “magistrate judge”, “magistrate judges”, and “magistrate judge’s” substituted for “magistrate”, “magistrates”, and “magistrate’s”, respectively, in section catchline and in subsecs. (a)(1) and (b)(1)–(3), (4)(A), (C), (5), (7), and (8), pursuant to , set out as a note under , Judiciary and Judicial Procedure.

Effective Date of 1996 Amendment

Pub. L. 104–208Pub. L. 104–208section 5545a of this titleAmendment by effective , and withdrawals and elections as provided under such amendment to be made at earliest practicable date as determined by Executive Director in regulations, see section 101(f) [title VI, § 659 [title II, § 207]] of , set out as a note under .

Effective Date of 1994 Amendment

Pub. L. 103–226section 9(j) of Pub. L. 103–226section 8351 of this titleAmendment by effective , see , set out as a note under .

Effective Date of 1990 Amendment

section 3(b)(3) of Pub. L. 101–335section 8432(b) of this titlesection 3(c) of Pub. L. 101–335section 8351 of this titleAmendment by effective as of second election period described in beginning after , or as of such earlier date as Executive Director may by regulation prescribe, see , set out as a note under .

section 6(b)(3) of Pub. L. 101–335section 8432(b) of this titlesection 6(c) of Pub. L. 101–335section 8351 of this titleAmendment by effective as of second election period described in beginning after , or such earlier date as Executive Director may by regulation prescribe, and applicable with respect to separations occurring before, on, or after that effective date, see , set out as a note under .

Effective Date

section 9 of Pub. L. 100–659section 377 of Title 28Section effective , and applicable to bankruptcy judges and magistrate judges who retire on or after , with exception for judges and magistrate judges retiring on or after , see , as amended, set out as a note under , Judiciary and Judicial Procedure.