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 adoption of the accompanying bill:
An Act relative to the withdrawal of funds from retirement accounts.
_______________
PETITION OF:
Name: | District/Address: | Date Added: |
Peter V. Kocot | 1st Hampshire | 1/20/2011 |
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
_______________
In the Year Two Thousand Eleven
_______________
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.