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Central Virginia Times

Tuesday, November 26, 2024

Virginia U.S. Rep Abigail Spanberger: "As part of the Pension Protection Act, Congress included a provision that allows retired police officers..."

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Abigail Spanberger tweeted the following:

"As part of the Pension Protection Act, Congress included a provision that allows retired police officers and firefighters to withdraw $3,000 tax-free from their pension plan each year to pay healthcare or long-term care premiums.
But this amount has not increased since 2006."
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Here are other recent tweets from Abigail Spanberger:

"Our Public Safety Healthcare Retirees Act would increase the pre-tax distribution public safety officers can use from their pension plan to $6,000.
Thank you @RepBrianFitz, @RepDanKildee, and @RepDonBacon for your leadership in this effort."
Read on Twitter"
Read on Twitter
"Many police officers and firefighters retire early years from Medicare eligibility due to the demands of the job.
Thats why I introduced a bipartisan bill to raise the value of a key tax benefit for retirees in Virginia and across our country to cover medical expenses."
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"American taxpayers deserve to feel confident that their money is being put to good use not ending up in the wrong hands.
Thats why I reintroduced the Preventing Improper Payments Act with @RepBlakeMoore to cut down on the waste and abuse of federal funds. #GettingThingsDone"
Read on Twitter

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