H.R. 5761 · 114th Congress
Train the Future Act
- Stage
- In committee
- Sponsor
- Ami Bera
- Introduced
- 2016-07-13
- Latest action
- 2016-09-19 · Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Summary
Train the Future Act
This bill amends the Internal Revenue Code to allow an early distribution, without penalty, from a qualified retirement plan to an employee who is serving as a mentor. The bill defines "mentor" as a working individual who: (1) has attained age 55; (2) works reduced hours and engages in mentoring activities for at least 20% of such hours; and (3) is responsible for the training and education of employees or students in an area of expertise for which such individual has a professional credential, certificate, or degree.