Bush Approves Pension Tax Law with Benefits for Same-Sex Couples
President Bush signed the Federal Pension Protection Act into law yesterday, which includes two provisions that will greatly benefit same-sex couples and other non-spouse beneficiaries. The first provision allows the transferal of a deceased person’s retirement plan benefits into her or his domestic partner’s Individual Retirement Account without incurring taxes. Previously, the partner of the deceased had to withdraw the entire amount of the benefits in one lump sum and claim this amount as part of her or his taxable income. This often brought the survivor into the next tax bracket, forcing the survivor to pay higher taxes on the rest of her or his taxable income.
The second provision allows same-sex couples to draw on their retirement funds when faced with a medical or financial emergency. Married couples previously had this emergency access to each other’s retirement benefits.
Human Rights Campaign President Joe Solmonese commented yesterday on the importance of the legislation: “Today marks an important day for fairness under the law in America… In a challenging political climate, we persevered and helped to secure critical federal protections that will make difficult times for domestic partners a little easier.”
These provisions also include other non-dependent, non-spouse beneficiaries, including siblings, parents, and children.
Media Resources: Human Rights Campaign Press Release 8/17/2006; LA Times 8/18/2006; United Press International 8/17/2006
10/9/2015 Federal Judge Orders Anti-Abortion Group to Cede Footage to NAF - On Tuesday, a federal judge ruled that anti-abortion group Center for Medical Progress (CMP) and its leader David Daleidan must turn over all previously unreleased "sting" videos and outtakes of National Abortion Federation (NAF) meetings the group obtained surreptitiously as part of a smear campaign against the abortion provider.
U.S. . . .
10/7/2015 Study Finds US Gender Wage Gap Persists - Data compiled by the US Census Bureau this week once again demonstrates a gender wage gap, showing that American women who work full-time, year-round jobs on average earn 79 cents for every dollar paid to men. . . .
10/6/2015 Australia Deports Anti-Abortion Extremist Troy Newman - Anti-abortion extremist Troy Newman has been deported from Australia after an appeal to remain in the country failed to convince the High Court.
Newman was scheduled to speak at a 10-day Right To Life Australia event, but was detained in Denver, Colorado after Immigration Minister Peter Dutton cancelled his visa citing as grounds for revocation Newman's prior history of promoting violence against abortion providers and their patients. . . .