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What does LOSAP stand for?

LOSAP stands for Length Of Service Award Programs

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The legislation is called the Volunteer Emergency Services Recruitment and Retention Act (VESRRA) and seeks to clarify the tax treatment of Length of Service Award Programs (LOSAP). This legislation is more important than ever as volunteer forces continue to decline in number while at the same time the average age of volunteers is on the rise. LOSAPs are critical tools in a department's recruitment and retention efforts and the VESRRA act will ensure their continued availability as departments seek to reverse this trend.