A bill to amend the Internal Revenue Code of 1986 to provide a better defined recruitment and retention incentive program for volunteer emergency service workers.
Volunteer Emergency Services Recruitment and Retention Act of 2019
This bill amends the Internal Revenue Code to provide for the treatment of length of service award plans as eligible deferred compensation plans for retirement plan purposes. It also exempts such length of service award plans from requirements relating to employee pension benefit plans under the Employee Retirement Income Security Act (ERISA).
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in Senate
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S5015-5016)
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