HOUSE DOCKET, NO. 2500        FILED ON: 1/15/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 895

 

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

1/15/2015


HOUSE DOCKET, NO. 2500        FILED ON: 1/15/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 895

By Mr. Kocot of Northampton, a petition (accompanied by bill, House, No. 895) of Peter V. Kocot relative to the withdrawal of funds from retirement accounts.  Financial Services.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 940 OF 2013-2014.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Eighty-Ninth General Court
(2015-2016)

_______________

 

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.