S.506 - Volunteer Emergency Services Recruitment and Retention Act of 2013113th Congress (2013-2014)
|Sponsor:||Sen. Collins, Susan M. [R-ME] (Introduced 03/07/2013)|
|Committees:||Senate - Finance|
|Latest Action:||03/07/2013 Read twice and referred to the Committee on Finance. (All Actions)|
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Summary: S.506 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in Senate (03/07/2013)
Volunteer Emergency Services Recruitment and Retention Act of 2013 - Amends the Internal Revenue Code to allow sponsors of certain deferred compensation plans to elect to include length of service award plans for bona fide volunteers providing firefighting and fire prevention services, emergency medical services, ambulance services, and emergency rescue services.
Directs the Secretary of Labor to issue regulations exempting a length of service award program from treatment as an employee pension benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA).