A Length of Service Awards Program (LOSAP) is herewith created in accordance
with N.J.S.A. 40A:14-183 et seq. and N.J.A.C. 5:30-14.1 et seq. to reward
volunteer members of Mount Laurel Emergency Medical Service, Inc. (hereafter
"MLEMS") for loyal, diligent and devoted service.
The LOSAP shall provide for fixed annual contributions to a deferred-income
account for each volunteer member that meets the criteria established, and
such annual contributions shall be made in accordance with the laws of the
State of New Jersey, the U.S. Internal Revenue Code and this chapter.
The LOSAP shall provide for a point system to be earned by volunteers
in accordance with the schedule that is attached hereto as Exhibit A. To be eligible for participation in the LOSAP, a volunteer must
earn a minimum of 50 points per year.
A volunteer may be eligible to participate in the LOSAP immediately
upon commencement of active service, assuming the volunteer earns at least
the minimum points during the year. No member's contribution shall be
vested until the volunteer has completed at least five years of active service
with the MLEMS.
The LOSAP shall provide for annual contributions to eligible members
in accordance with the provisions of Schedule A to provide a maximum annual contribution in the amount of $1,150
per volunteer.
The estimated maximum amount of the cost of this program for the 2006
Mount Laurel Township municipal budget year is the sum of $78,800.
This chapter shall not become effective for the purpose of implementing
the LOSAP program unless the provisions hereof and the $78,800 anticipated
to be in the year 2006 municipal budget are specifically approved by the voters
of the Township of Mount Laurel as a public question at the next general election
to be held on November 8, 2005. The Township Clerk is hereby authorized and directed to take all
necessary actions to have the question placed on said November 2005 ballot.