This Bill Ensures Retirement Fairness for Correctional Officers
February 20, 2015
Congress needs to pass an AFGE-backed bill recently introduced that would ensure retirement fairness for correctional officers who risk the lives every single day keeping the most dangerous felons behind bars. The bill, S. 380 – introduced by Sen. Pat Toomey of Pennsylvania and Sen. Michael Bennet of Colorado, would exempt correctional officers who retire before age 55 with 20 years of service from the federal tax law’s 10% additional tax penalty for early withdrawals from the Thrift Savings Plan (TSP).
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