Bennet, Toomey Introduce Update to Federal Law to Help Retired State and Local Corrections Officers
Legislation Would Ensure State & Local Corrections Officers Are Exempt From a Federal Tax Penalty Imposed on Early Withdrawals From Qualified Retirement Accounts
Apr 08, 2022
U.S. Senators Michael Bennet (D-Colo.) and Pat Toomey (R-Pa.) introduced the State and Local Corrections Officer Retirement Fairness Act of 2022, which exempts state and local corrections officers from paying a federal tax penalty for early withdrawals from qualified retirement accounts.