A Length of Service Awards Program (LOSAP) is
hereby created in accordance with Chapter 388 of the Laws of 1997,
to reward volunteer members of the Paulsboro Fire Department for their
loyal, diligent and devoted services to the residents of the Borough.
The LOSAP shall provide for fixed annual contributions
to a deferred income account for each volunteer member who meets the
criteria set forth below; such contributions shall be made in accordance
with a plan that shall be established by the Borough pursuant to P.L.
1997, c.388; and such plan shall be administered in accordance with
the laws of the State of New Jersey, the U.S. Internal Revenue Code
and this part.
The LOSAP shall provide for annual contributions
to each eligible member who meets the criteria set forth in the attached
Paulsboro LOSAP Point System.
The estimated cost of the program has been calculated
as follows: for regular annual services, $34,000 per year.
Each active volunteer member shall be credited with points for volunteer services provided to the Paulsboro Fire Department in accordance with the schedule set forth at §
33-27.
This ordinance shall not take effect unless
it is approved by the voters of the Borough as a public question at
the next general election. The public question shall appear on the ballot in the
form attached hereto.
[Added 3-1-2011 by Ord. No. 05.11]