S.Amdt. 3205

SA 3205. Mr. TOOMEY submitted an amendment intended to be proposed to
amendment SA 3060 proposed by Mr. Wyden to the bill H.R. 3474, to amend
the Internal Revenue Code of 1986 to allow employers to exempt
employees with health coverage under TRICARE or the Veterans
Administration from being taken into account for purposes of the
employer mandate under the Patient Protection and Affordable Care Act;
which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

TITLE--OTHER PROVISIONS

SEC. _01. EXEMPTION FOR CERTAIN BUREAU OF PRISONS
CORRECTIONAL OFFICERS FROM TAX ON EARLY
DISTRIBUTIONS.

(a) In General.--Subsection (t) of section 72 is amended by
adding at the end the following new paragraph:
``(11) Distributions to qualified federal correctional
officers from the thrift savings fund.--
``(A) In general.--In the case of a distribution to a
qualified Federal correctional officer from the Thrift
Savings Fund established under section 8437 of title 5,
United States Code, paragraph (2)(A)(v) of this subsection
shall be applied by substituting `age 50 (or, if earlier, the
age at which the employee has completed 25 years of
creditable service)' for `age 55'.
``(B) Qualified federal correctional officer.--For purposes
of this paragraph, the term `qualified Federal correctional
officer' means an individual--
``(i) who is employed by the Bureau of Prisons as a
correctional officer, and
``(ii) who has completed 20 years of creditable service.
``(C) Creditable service.--For purposes of this paragraph,
the term `creditable service' means creditable service under
section 8331 or 8411 of title 5, United States Code.''.
(b) Effective Date.--The amendment made by this section
shall apply to distributions made after the date of the
enactment of this Act.
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