Bill > S4024

This bill, the State and Local Corrections Officer Retirement Fairness Act of 2022, amends the Internal Revenue Code to extend the exemption from the retirement plan early withdrawal penalty for public safety officers to state and local government corrections employees. Specifically, the bill expands the definition of "public safety officer" to include corrections officers and forensic security employees providing care, custody, and control of forensic patients. This change allows these state and local corrections workers to withdraw funds from their retirement plans without being subject to the early withdrawal penalty, starting for taxable years after the bill's enactment.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/4024/all-info