A bill to amend the Internal Revenue Code of 1986 to modify the exception from the 10 percent penalty for early withdrawals from government plans for qualified public safety employees.

Summary

Amends the Internal Revenue Code to: (1) modify the exemption from the 10% penalty for premature distributions from governmental employee benefit plans to qualified public safety employees to eliminate the restriction that such plans be defined benefit plans; and (2) exempt from tax penalties certain periodic payments made to qualified public safety employees before the enactment of the Pension Protection Act of 2006 (i.e., August 17, 2006).

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 9 September 2009

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 9 September 2009

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 9 September 2009

  Open at official source

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