To amend the Internal Revenue Code of 1986 to modify the eligible age for the exemption from the retirement plan early withdrawal penalty for public safety officers.
About This Bill
Committee
Latest Action · July 7, 2022
Referred to the House Committee on Ways and Means.
Protecting Public Safety Employees' Timely Retirement Act of 2022
This bill modifies the eligible age (age 50) for the exemption from the retirement plan early withdrawal penalty for public safety officers. The bill establishes the age eligibility at age 50 or 25 years of service under the plan, whichever is earlier.
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