Governmental Pension Plan Equalization Act of 2005

This bill would change federal tax and labor laws to ensure that pension plans managed by Indian tribal governments are treated the same as those managed by state and local governments. Under this legislation, tribal retirement plans would be exempt from certain complex nondiscrimination and participation rules that typically apply to private-sector employers but not to government entities. For tribal employees—including police officers and firefighters—this would provide more consistent retirement benefits and simplify the administration of their pension plans to align with other public-sector standards.