S. 4024Senate117th Congress (2021-2023)In Committee

State and Local Corrections Officer Retirement Fairness Act of 2022

AI-Generated Summary

Updated February 8, 2026 at 10:41 AM UTC

The bill changes the tax code so that state and local government corrections officers, as well as forensic security employees who care for forensic patients, can withdraw from retirement accounts early without the usual 10% penalty. It adds these workers to the group of public‑safety officers already covered by the exemption. The change applies to anyone in those correction‑related jobs and takes effect for tax years after the law is passed.

Key Provisions

Amends Internal Revenue Code section 72(t)(10)(B) to replace the phrase "or emergency medical services" with "emergency medical services, or services as a corrections officer or as a forensic security employee providing for the care, custody, and control of forensic patients".
The exemption from the early‑withdrawal penalty applies to state and local corrections employees and forensic security staff for taxable years beginning after the law’s enactment.

Legislative Activity

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1 earlier action

SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

Finance Committee

April 7, 2022

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SenateIntro Referral

Introduced in Senate

April 7, 2022

SenateIntro Referral

Read twice and referred to the Committee on Finance.

Finance Committee

April 7, 2022

Bill Text

Latest available legislative text

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Introduced in SenateIssued April 7, 2022

117th CONGRESS

2d Session

S. 4024

IN THE SENATE OF THE UNITED STATES

April 7, 2022

Mr. Toomey (for himself and Mr. Bennet) introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to extend the exemption from the retirement plan early withdrawal penalty for public safety officers to State and local government corrections employees.

Short title

This Act may be cited as the State and Local Corrections Officer Retirement Fairness Act of 2022.

Exemption from early withdrawal penalty for certain State and local government corrections employees

(a)

In general

Clause (i) of section 72(t)(10)(B) of the Internal Revenue Code of 1986 is amended by striking or emergency medical services and inserting emergency medical services, or services as a corrections officer or as a forensic security employee providing for the care, custody, and control of forensic patients.

(b)

Effective date

The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.