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State and Local Corrections Officer Retirement Fairness Act of 2022

12/29/2022, 12:33 PM

Summary of Bill HR 8986

Bill 117 HR 8986, also known as the State and Local Corrections Officer Retirement Fairness Act of 2022, aims to address the disparity in retirement benefits for corrections officers at the state and local levels. The bill seeks to provide these officers with fair and equitable retirement benefits that are on par with those received by federal corrections officers.

The legislation recognizes the important and often dangerous work that state and local corrections officers perform on a daily basis to ensure the safety and security of their communities. It acknowledges that these officers face similar risks and challenges as their federal counterparts and therefore deserve comparable retirement benefits.

If passed, the State and Local Corrections Officer Retirement Fairness Act of 2022 would ensure that state and local corrections officers are eligible for the same retirement benefits as federal corrections officers, including access to the Federal Employees Retirement System (FERS) and the Law Enforcement Officer (LEO) retirement provisions. Overall, this bill seeks to provide state and local corrections officers with the recognition and support they deserve for their service and sacrifice, by ensuring that they receive fair and equitable retirement benefits that reflect the important role they play in our criminal justice system.

Congressional Summary of HR 8986

State and Local Corrections Officer Retirement Fairness Act of 2022

This bill extends the exemption from the penalty for early withdrawals from tax-exempt retirement plans currently allowed to federal public safety officers to certain state and local government corrections officers.

Current Status of Bill HR 8986

Bill HR 8986 is currently in the status of Bill Introduced since September 26, 2022. Bill HR 8986 was introduced during Congress 117 and was introduced to the House on September 26, 2022.  Bill HR 8986's most recent activity was Referred to the House Committee on Ways and Means. as of September 26, 2022

Bipartisan Support of Bill HR 8986

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 8986

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 8986

State and Local Corrections Officer Retirement Fairness Act of 2022
State and Local Corrections Officer Retirement Fairness Act of 2022
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.

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