US Codex
Bill
Notes

To amend the Internal Revenue Code of 1986 to allow Federal law enforcement officers and firefighters to make penalty-free withdrawals from governmental plans after age 50.

H.R. 4634 · 113th Congress · May 9, 2014 · Lineage

A BILL

1. Early retirement distributions to Federal law enforcement officers and firefighters in governmental plans

(a)
In general— Subparagraph (B) of section 72(t)(10) of the Internal Revenue Code of 1986 is amended—
(1)
by striking the period at the end and inserting “, or”,
(2)
by striking “means any employee” and inserting the following:

“(i) any employee”

(3)
by adding at the end the following new clause:

“(ii) any Federal law enforcement officer described in section 8331(20) or 8401(17) of title 5, United States Code, any Federal customs and border protection officer described in section 8331(31) or 8401(36) of such title, or any Federal firefighter described in section 8331(21) or 8401(14) of such title.”

(b)
Application to defined contribution plans— Subparagraph (A) of section 72(t)(10) of such Code is amended by striking “which is a defined benefit plan”.
(c)
Effective date— The amendments made by this section shall apply to distributions after the date of the enactment of this Act.