Federal Public Safety Retirement Fairness Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Apr 16, 2015)
Federal Public Safety Retirement Fairness Act of 2015
This bill amends the Internal Revenue Code to exempt from the 10% additional tax on early distributions from tax-exempt retirement plans distributions from a thrift savings fund to a qualified law enforcement officer who has reached age 50 or has completed 25 years of credible service, whichever is earlier. The bill defines "qualified law enforcement officer" as an individual who is employed by the federal government as a law enforcement officer or as a firefighter and has completed 20 years of creditable service, or an individual who is employed as an air traffic controller and has completed 20 years of creditable service.
What just happenedApr 16, 2015
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateApr 16, 2015
- Apr 16, 2015IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Apr 16, 2015IntroReferral10000
Introduced in Senate