SJR 21 Summary

• Urges Congress and the President to amend the Internal Revenue Code to allow all retirees with qualified retirement plans to make tax-free withdrawals for medical and long-term care premiums.

• Seeks parity with the Pension Protection Act of 2006, which currently grants this tax-free withdrawal option only to eligible public safety officers.

• Cites rising healthcare costs and an aging population as rationale, arguing the provision could encourage retirement savings and reduce government healthcare burden.

• Directs the Secretary of the Senate to transmit the resolution to the President, Vice President, California's congressional delegation, the IRS Commissioner, and the Secretary of Labor.