A Length of Service Awards Program (LOSAP) is herewith created
in accordance with Chapter 388 of the Laws of 1997 to reward volunteer members of the Carneys Point Fire
Department and Rescue Squad for their loyal, diligent and devoted
services to the residents of Carneys Point Township.
The LOSAP shall provide for fixed annual contributions to a
deferred income account for each volunteer member that meets the criteria
set forth below; that such contributions shall be made in accordance
with a plan that shall be established by the Township of Carneys Point
pursuant to P.L. 1997, c. 388; and that such plan shall be administered
in accordance with the laws of the State of New Jersey, the U.S. Internal
Revenue Code and this article.
The LOSAP shall provide for annual contributions to each eligible
member of the Carneys Point Fire Department and Rescue Squad who,
in accordance with the by-laws of the Carneys Point Fire Department
and Rescue Squad, attains not less than 80 points in accordance with
Schedule A, attached hereto, during the calendar year. Each member who qualifies shall
receive a minimum of $200 for a full year of service and a maximum
of $1,150 for a full year of service. The exact amount of the benefit
shall be based on the number of members who attain not less than 80
points. Any member who shall serve for less than one year shall have
his or her benefit prorated based upon the length of service in that
year.
The LOSAP shall provide for contributions as credit for no more
than five years of prior years' services for each eligible volunteer
in accordance with the following schedule:
A. Each exempt and nonexempt member of the Carneys Point Fire Department
and Rescue Squad shall be credited with a year of active service for
each year that the member was active and satisfied the minimum percentage
for that year; provided, however, that in no event shall a member
receive more than five years of prior service credits.
B. Prior service shall be credited at the rate of $190 per year during
the first year of the plan.
The estimated cost of the program has been calculated as follows:
A. During the first year of the plan (fiscal year 2000): $43,000.
B. During each subsequent fiscal year of the plan: $35,000 per year,
plus an annual inflation adjustment as permitted by law.
Each active volunteer member shall be credited with points for
volunteer services provided to the Carneys Point Fire Department and
Rescue Squad in accordance with the following schedule: See attached
Schedule A.
This article shall not take effect unless it is approved by
the voters of Carneys Point Township as a public question at the next
general election.