Bill > HR2382

This bill aims to expand the definition of "governmental plans" in the Internal Revenue Code and the Employee Retirement Income Security Act to allow certain public safety agencies to participate in government pension plans. Specifically, the bill enables public safety agencies that are tax-exempt under section 501(c) to include emergency response providers (as defined in the Homeland Security Act of 2022) who primarily perform firefighting services or out-of-hospital emergency medical services for a political subdivision of a State. These agencies can now participate in governmental pension plans through a contract with the political subdivision, even if they were previously excluded. The bill makes conforming amendments to other sections of the tax code and retirement law to support this change, and the new provisions will apply to plan years beginning after the date of the Act's enactment. This legislation seeks to provide retirement parity and more flexible pension options for first responders like firefighters, emergency medical technicians, and paramedics who work through public safety agencies.

Education

https://www.congress.gov/bill/119th-congress/house-bill/2382/all-info