A Length of Service Award Program ("LOSAP") is hereby created
in accordance with the Emergency Services Volunteer Length of Service
Award Program Act, N.J.S.A. 40A:14-183 to 40A:14-194 (hereinafter
referred to as the "Act"), to reward members of the Newton Volunteer
First Aid Squad for their loyal, diligent, and devoted service to
the residents of the Town of Newton.
The LOSAP shall provide for annual contributions on behalf of
each eligible member to a deferred income account within a plan to
be established by the Town of Newton and administered in accordance
with the Act and all applicable state and federal laws.
To be eligible for LOSAP contributions on his or her behalf,
a member must meet the following criteria, to be determined each calendar
year:
A. A member must accumulate at least 50 points for activities as set forth in the annexed
Schedule A during a calendar year to be eligible for the LOSAP contribution
for that calendar year. There shall be no carry-over from year to
year.
B. The annual contribution for each eligible member shall be between
a minimum of $115 and a maximum of $1,150, plus automatic annual consumer
price index (CPI) adjustments, beginning calendar year 2020, as established
by statutory law and the Director of the Division of Local Government
Services.
[Amended 11-13-2019 by Ord. No. 2019-11]
C. A member shall be eligible for participation in the LOSAP immediately
upon commencement of service with the Newton Volunteer First Aid Squad.
Five years of service, as determined by N.J.S.A. 40A:14-188, shall
be required for each individual member to vest in contributions made
on his or her behalf.
There shall be no credit for prior years of service, except for a point award as set forth in the annexed
Schedule A.
The estimated cost of the program is $34,500 per year.
Each active volunteer member shall be credited with points for volunteer service in accordance with the activities described in the annexed
Schedule A.