A bill to waive the penalty for withdrawals from retirement plans for certain Federal employees and contractors affected by a lapse in appropriations, and for other purposes.
This bill allows certain employees who are not paid during a lapse in federal appropriations to make penalty-free withdrawals from retirement accounts. The bill applies to employees of the federal government, federal contractors, federal grantees, and the District of Columbia.
AppropriationsDistrict of ColumbiaEmployee benefits and pensionsExecutive agency funding and structureGovernment employee pay, benefits, personnel managementIncome tax exclusionIncome tax ratesPublic contracts and procurementState and local government operations
A bill to waive the penalty for withdrawals from retirement plans for certain Federal employees and contractors affected by a lapse in appropriations, and for other purposes.
USA116th CongressS-486| Senate
| Updated: 2/14/2019
This bill allows certain employees who are not paid during a lapse in federal appropriations to make penalty-free withdrawals from retirement accounts. The bill applies to employees of the federal government, federal contractors, federal grantees, and the District of Columbia.
AppropriationsDistrict of ColumbiaEmployee benefits and pensionsExecutive agency funding and structureGovernment employee pay, benefits, personnel managementIncome tax exclusionIncome tax ratesPublic contracts and procurementState and local government operations