[HISTORY: Adopted by the Mayor and Council of the Borough of Folsom 8-9-2001 by Ord. No. 290-2001. Amendments noted where applicable.]
GENERAL REFERENCES
Fire Department — See Ch. 26.
A Length of Service Awards Program (LOSAP) is herewith created in accordance with Chapter 338 of the Laws of 1997,[1] to reward members of the Folsom Borough Fire Company, all of whom are volunteer firefighters, for their loyal, diligent and devoted services to the residents of the Borough of Folsom.
[1]
Editor's Note: See N.J.S.A. 40A:14-183 et seq.
The LOSAP shall provide for fixed annual contributions to a deferred income account for each volunteer firefighter that meets the criteria set forth below; that such contributions shall be made in accordance with a plan that will be established by the Borough of Folsom pursuant to P.L. 1997, Ch. 388 (N.J.S.A. 40A:14-183 et seq.); and that such plan shall be administered in accordance with the laws of the State of New Jersey, the US Internal Revenue Code, and this chapter.
A. 
The LOSAP shall provide for annual contributions to each eligible member that meets the criteria as follows:
(1) 
A total of 100 points is required to determine an eligible year of service for a member.
(2) 
No minimum number of years of prior service is required in order for a member to be eligible.
B. 
The annual contribution shall be $500 per eligible member.
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. 
An active member with one or more years of eligible prior service shall receive credit of $500 for each year of eligible prior service up to a maximum of five years of such credit.
Each active volunteer member shall be credited with points for volunteer services provided to the volunteer fire company in accordance with the following schedule: (see Schedule A annexed hereto).[1]
[1]
Editor's Note: Said Schedule A is on file in the office of the Borough Clerk/Municipal Administrator.
This chapter shall not take effect unless it is approved by voters as a public question at the next general election.[1]
[1]
Editor's Note: The Length of Service Awards Program was approved by the voters at the general election held 11-6-2001.
The following referendum question shall be submitted to the voters of the Borough of Folsom at the November 6, 2001, general election:
Shall the Borough of Folsom be authorized to establish a Length of Service Awards Program for the volunteer firefighters that serve the Borough pursuant to the following terms and conditions:
(1)
The program shall provide for annual contributions to a deferred income account for each active volunteer member that meets the eligibility criteria and in accordance with the schedule adopted by the Borough of Folsom.
(2)
The program shall provide for contributions as credit for no more than five years from prior years' services for each eligible volunteer.
(3)
The proposed annual contribution for an active volunteer member is $500.
(4)
The estimated cost of the program has been calculated as follows:
(a)
For regular annual services: $5,000 per year.
(b)
For contributions for prior years' service: $25,000.