[Congressional Record Volume 159, Number 33 (Thursday, March 7, 2013)]
[Senate]
[Page S1271]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
By Ms. COLLINS (for herself and Mr. Schumer):
S. 506. A bill to amend the Internal Revenue Code of 1986 to provide
recruitment and retention incentives for volunteer emergency service
workers; to the Committee on Finance.
Ms. COLLINS. Mr. President, I rise today to introduce the Volunteer
Emergency Services Recruitment and Retention Act of 2013. This bill
fixes a long-standing problem with the tax code that impedes the
ability of volunteer fire departments to recruit and retain both
firefighter and emergency service personnel.
For years, local and State governments have provided their volunteer
firefighters and EMS personnel with different forms of benefits
including Length of Service Award Plans, commonly known as LOSAPs.
These are pension-like benefits for volunteer emergency responders.
Unfortunately, the way the tax code handles LOSAPs hinders
departments' abilities to administer the plans and makes it more
difficult for volunteer emergency personnel to receive the benefits.
My bill would simplify the taxation of LOSAPs in two steps. First, it
would allow LOSAPs to be elected as deferred compensation plans, and
second, it would exempt them from the Employee Retirement Income
Security Act of 1974. These two changes will improve access to LOSAP
benefits for volunteer emergency responders, without increasing federal
spending.
Today, an estimated 180,000 volunteer firefighters across 27 states
participate in some form of LOSAP. Many States that do not offer these
benefits would be more likely to do so if the Federal tax code were
simplified. This, in turn, would help volunteer fire departments to
recruit more easily and retain personnel. These men and women, our
local first responders, are the foundation of our emergency response
capabilities.
These volunteers put their lives on the line to help protect our
communities, and their spirit of selflessness and service should be
rewarded. I am pleased to introduce this legislation with Senator
Schumer, and I look forward to working with my colleagues to pass this
bill through the Senate and into law.
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