S.Amdt. 1723Senate115th Congress (2017-2019)

S.Amdt. 1723

Submitted November 30, 2017

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Senate amendment submitted

November 30, 2017

Text

Submitted

SA 1723. Mr. HATCH submitted an amendment intended to be proposed by
him to the bill H.R. 1, to provide for reconciliation pursuant to
titles II and V of the concurrent resolution on the budget for fiscal
year 2018; which was ordered to lie on the table; as follows:

At the end of subpart B of part VII of subtitle C of title
I, insert the following:

SEC. 13615. REDUCTION IN MINIMUM AGE FOR ALLOWABLE IN-SERVICE
DISTRIBUTIONS.

(a) In General.--Section 401(a)(36) is amended by striking
``age 62'' and inserting ``age 59 \1/2\''.
(b) Application to Governmental Section 457(b) Plans.--
Clause (i) of section 457(d)(1)(A) is amended by inserting
``(in the case of a plan maintained by an employer described
in subsection (e)(1)(A), age 59 \1/2\)'' before the comma at
the end.
(c) Effective Date.--The amendments made by this section
shall apply to plan years beginning after December 31, 2017.
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