Editor's Note

According to the facts in the ruling, State S was an eligible employer described in Section 457(e)(1)(A). Plan X provided length of service awards in the form of retirement and death benefits to long-term eligible volunteers providing qualified services to municipal fire departments and emergency me...

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Bibliographic Details
Published inJournal of Pension Planning and Compliance Vol. 50; no. 3; pp. III - VI
Main Author McNeil, Bruce J
Format Trade Publication Article
LanguageEnglish
Published New York Aspen Publishers, Inc 01.10.2024
Subjects
Beneficiaries
Compensation plans
Deferred compensation
Emergency medical care
Emergency services
Employers
Fire departments
Fires
Gross income
Medicare
Revenue procedures & rulings
Social security taxes
Volunteers
Wages & salaries
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Summary:According to the facts in the ruling, State S was an eligible employer described in Section 457(e)(1)(A). Plan X provided length of service awards in the form of retirement and death benefits to long-term eligible volunteers providing qualified services to municipal fire departments and emergency medical services districts of State S. Any municipality of State S maintaining and operating a regularly organized fire department or emergency medical service district that consisted wholly of volunteer firefighters, or any part-paid, and part-volunteer fire department could provide, by appropriate legislation, for enrollment in Plan X of every firefighter or emergency worker. Plan X provided length of service awards only to long-term eligible volunteers that provided qualified services (as defined in Section 457(e)(11)(C), (i.e., firefighting and prevention services, emergency medical services, and ambulance services) to municipal fire departments and emergency medical districts. [...]Plan X satisfied Section 457(e)(11)(B)(ii) by limiting the aggregate amount of awards for any year of service to $6,000 Since Plan X qualified as a LOSAP under Section 457(e)(11)(A) (ii), neither Section 457(a) nor Section 457(f) applied to benefits under the plan.
ISSN:0148-2181