Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Nova 401(k) Associates
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|House Passes Bill Exempting Some Federal Employees from Retirement Tax Penalty|
May 13, 2015
"H.R. 2146 would reform the tax code so that federal law enforcement officers and firefighters, who are eligible to retire earlier than many other federal employees, aren't subject to the 10 percent tax penalty on TSP retirement funds and other 401(k)-type plans tapped before the age of 59-1/2. Civilians who access their retirement investments, such as a 401(k), prior to turning 55 if they are retired, or 59-1/2 if they are still working, incur the IRS fine."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|