Pension Plan Changes for Emergency Responders
This bill expands the definition of governmental pension plans to include firefighters, emergency medical technicians, and paramedics employed by public safety agencies under contracts with local governments. This means these individuals could access the same pension rules and benefits as other government employees, potentially impacting their financial security in retirement.
Key points
Firefighters, EMTs, and paramedics working for public safety agencies under local government contracts may be included in governmental pension plans.
The change aims to provide these workers with access to retirement benefits similar to other public employees.
New rules will apply to plan years beginning after the Act's enactment date.
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