S.Amdt. 1723Senate115th Congress (2017-2019)
S.Amdt. 1723
Sponsored by
Sen. Orrin G. Hatch (R-UT)
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. ______