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HOUSE DOCKET, NO. 2215         FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2068

 

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. 2215        FILED ON: 1/20/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2068

By Mr. Kocot of Northampton, a petition (accompanied by bill, House, No. 2068) of Peter V. Kocot relative to the withdrawal of funds from retirement accounts.  Financial Services.


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.
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