All full-time employees shall receive a severance
pay of two weeks upon their employment's being terminated by the governing
body.
Pursuant to the New Jersey Health Benefits Program
Act (N.J.S.A. 54:14-17.25 et seq.), the Borough of South River shall
provide full family coverage for each full-time employee of the Borough
of South River in the New Jersey Health Insurance Plan. Such coverage
shall include Blue Cross-Blue Shield, Rider J and major medical. The
governing body may offer such coverage to designated part-time employees
by resolution duly adopted. Eligibility for enrollment shall be after
completion of two calendar months of continued employment or at the
annual enrollment period of each year.
The Borough of South River shall provide group
life insurance coverage for each full-time employee of the Borough
of South River in a reputable life insurance company authorized to
do business in the State of New Jersey, with coverage as deemed necessary
by the Borough Council.
The Borough of South River shall provide full
family coverage for each full-time employee of the Borough of South
River in a prescription drug expense plan. Said plan shall be placed
with a reputable insurance company authorized to do business in the
State of New Jersey. Upon retirement of any full-time Borough employee
and/or official and attaining age 55 with at least 25 years of service,
said employee or official shall be entitled to continue his/her prescription
benefits at the employee's or official's sole cost and expense, and
such coverage shall continue until Medicare eligibility commences,
so long as said retired employee and/or official shall not receive
such a benefit from any employment in which said employee and/or official
may engage subsequent to retirement, if no other family member has
such coverage or unless said employee and/or official returns to another
paid municipal position.
The Borough shall provide a dental insurance
plan for each full-time employee and official. The Borough shall pay
the full cost of the employee coverage, except that for each police
officer and managerial employee the Borough shall contribute a maximum
of $300 toward the cost of a full family coverage plan.
