Kathryn Manginelli Act of 2019 or the Compassionate Retirement Act of 2019 This bill permits early distributions, without penalty, from tax-preferred pension plans to individuals diagnosed with a terminal illness (i.e., an illness or physical condition that can be reasonably expected to result in death seven years after diagnosis).
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Employee benefits and pensionsIncome tax deferralIncome tax exclusionLong-term, rehabilitative, and terminal care
Kathryn Manginelli Act of 2019
USA116th CongressS-2495| Senate
| Updated: 9/18/2019
Kathryn Manginelli Act of 2019 or the Compassionate Retirement Act of 2019 This bill permits early distributions, without penalty, from tax-preferred pension plans to individuals diagnosed with a terminal illness (i.e., an illness or physical condition that can be reasonably expected to result in death seven years after diagnosis).