,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bbad  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bc1 #bjai ,ms4  
,coll9s 7= h]self & ,mr4 ,c>d97         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to provide a bett]
 def9$ recruitm5t & ret5tion inc5tive   
program = volunte] em]g5cy s]vice       
work]s4  #a4 ,%ort title  ,?is ,act may 
be cit$ z ! ,volunte] ,em]g5cy ,s]vices 
,recruitm5t & ,ret5tion ,act ( #bjai4   
#b4 ,elective treatm5t ( l5g? ( s]vice  
aw>d plans z eligible def]r$ comp5sation
 plans  7a7 ,9 g5]al ,section #deg7;e7 (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by add+ at ! end ! foll[+ new     
p>agraph3  7#ai7 ,additional special    
rules applicable to l5g? ( s]vice aw>d  
plans  7,a7 ,9 g5]al ,! t]m eligible    
def]r$ comp5sation plan includes1 at !  
election ( its sponsor1 any l5g? (      
s]vice aw>d plan describ$ 9 p>agraph    
7#aa77;,a77ii7 :i* meets ! requirem5ts (

 p>agraph 7#aa77;,b74 ,any su* election1
 once made1 %all be irrevocable4  7,b7  
,special rules ,9 ! case ( a l5g? (     
s]vice aw>d plan ^: sponsor has elect$  
to h su* plan treat$ z an eligible      
def]r$ comp5sation plan--  7i7 ,9 g5]al 
,su* sponsor %all be treat$ z an        
eligible employ] describ$ 9 subsection  
7e77#a77;,a71 &1 except z provid$ 9     
clauses 7ii7 & 7iii71 su* plan %all be  
adm9i/]$ 9 a mann] consi/5t ) !         
requirem5ts ( ?is section4  7ii7        
,maximum def]ral am\nt ,subsection      
7b77#b7 %all be appli$ by sub/itut+ !   
limitation on accruals 9 effect "u      
p>agraph 7#aa77;,b7 = ! less] (-- & all 
t foll[s ?r\gh comp5sation1 9           
subp>agraph 7,b7 !re(4  7iii7           
,di/ribution requirem5ts ,subsection    
7d77#a77;,a7 %all be appli$ by deem+ a  
sev]ance f employm5t to h occurr$ =     
purposes ( clause 7ii7 !re( on ! paym5t 
date "u ! t]ms ( ! plan4  4  7b7        
,exemption f ,employee ,retirem5t       
,income ,security ,act ( #aigd ,=       

purposes ( ! ,employee ,retirem5t       
,income ,security ,act ( #aigd1 a l5g? (
 s]vice aw>d plan describ$ 9 section    
#deg7;e77#aa77;,a77ii7 ( ! ,int]nal     
,rev5ue ,code ( #aihf ^: sponsor has    
elect$ "u section #deg7;e77#ai7 ( su*   
,code to h su* plan treat$ z an eligible
 def]r$ comp5sation plan %all n be      
treat$ z an employee p5sion b5efit plan 
or a p5sion plan "u section #c7b7 ( su* 
,act 7#bi ,u4,s4,c4 #ajjb7b774  7c7     
,effective date ,! am5dm5t made by ?is  
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjai4