Text: HF00301 Text: HF00303 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 100B.2, Code 2003, is amended by adding
1 2 the following new subsection:
1 3 NEW SUBSECTION. 9. Establish a length of service award
1 4 program for volunteer fire fighters pursuant to the
1 5 requirements of section 100B.12.
1 6 Sec. 2. NEW SECTION. 100B.12 LENGTH OF SERVICE AWARD
1 7 PROGRAM.
1 8 The state fire service and emergency response council
1 9 shall, in consultation with the department of personnel,
1 10 establish a length of service award program for volunteer fire
1 11 fighters as defined in section 85.61. The program shall
1 12 provide length of service awards, as described in section
1 13 457(e)(11) of the Internal Revenue Code, to volunteer fire
1 14 fighters of a fire department of a municipality, township, or
1 15 benefited fire district that elects to participate in the
1 16 program. The program shall be designed as a defined
1 17 contribution pension plan, consistent, to the extent possible,
1 18 with the requirements of section 509A.12, requiring mandatory
1 19 employer contributions from a participating municipality,
1 20 township, or benefited fire district. The program shall be
1 21 designed to treat awards from the program as a tax-deferred
1 22 benefit under the Internal Revenue Code. The council shall
1 23 adopt rules providing for minimum contribution requirements,
1 24 eligibility requirements for participation by volunteer fire
1 25 fighters, and such other rules as deemed necessary to operate
1 26 the program.
1 27 EXPLANATION
1 28 This bill requires the state fire service and emergency
1 29 response council, in consultation with the department of
1 30 personnel, to establish a length of service award program for
1 31 volunteer fire fighters. The program shall be designed as a
1 32 defined contribution pension plan consistent with the
1 33 requirements for a deferred compensation program for
1 34 governmental employees as provided by Code section 509A.12.
1 35 The program shall provide for a minimum contribution to the
2 1 plan from a participating municipality, township, or benefited
2 2 fire district but participation in the plan by such an entity
2 3 is optional. The council is also required to adopt rules
2 4 governing minimum contribution requirements, eligibility
2 5 requirements for participation by volunteer fire fighters, and
2 6 such other rules as deemed necessary to operate the program.
2 7 LSB 2356HH 80
2 8 ec/pj/5
Text: HF00301 Text: HF00303 Text: HF00300 - HF00399 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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