HOUSE DOCKET, NO. 2299 FILED ON: 1/17/2013 HOUSE . . . . . . . . . . . . . . . No. 940 The Commonwealth of Massachusetts _________________ PRESENTED BY: Peter V. Kocot _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled: The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act relative to the withdrawal of funds from retirement accounts. _______________ PETITION OF: Name: | District/Address: | Peter V. Kocot | 1st Hampshire |
HOUSE DOCKET, NO. 2299 FILED ON: 1/17/2013 HOUSE . . . . . . . . . . . . . . . No. 940 By Mr. Kocot of Northampton, a petition (accompanied by bill, House, No. 940) of Peter V. Kocot relative to the withdrawal of funds from retirement accounts. Financial Services. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE
HOUSE
, NO. 2068 OF 2011-2012.]
The Commonwealth of Massachusetts
An Act relative to the withdrawal of funds from retirement accounts.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Notwithstanding any general or special law to the contrary, individuals participating in private employee retirement accounts, including so-called "401K" type accounts, may access their funds for personal uses with a 30 day notification to the plan manager prior to withdrawal. |
