LOSAP is created, in accordance with Chapter 388 of the Laws of 1997, to reward active volunteer members of the NPRS and NPFD for their
loyal, diligent and devoted services to the residents of the Borough.
LOSAP shall provide for annual contributions to each eligible, active
volunteer member of the NPRS and NPFD who meets the criteria as follows:
A. The number of points required for an active year of service
for an active volunteer NPRS or NPFD member is 50.
B. An active volunteer member of the NPRS shall not be eligible
if on probation or, in the case of an active volunteer member of the NPFD,
shall not be eligible if on probation or inactive status.
C. The provisions of Subsections
A and
B are as determined
by the bylaws and/or other governing documents of the NPRS or the NPFD, as
the case may be, and/or the officers of each respective organization.
D. Any new, active volunteer member of the NPRS or the NPFD
shall not become eligible to participate in LOSAP until the next calendar
year, after coming off probation in the case of the NPRS or NPFD, or in the
case of the NPFD only, is no longer on inactive status.
E. Current, active volunteer members as of the date that
the voters approve LOSAP shall become immediately eligible to participate
in LOSAP.
F. Any active volunteer member of the NPRS or the NPFD who
obtains 50 points or more will receive $500.00 deferred contributions for
his/her active volunteer status on the NPRS or NPFD, as the case may be.
G. No person who is an active volunteer member of both the
NPRS and the NPFD shall be permitted to receive deferred contribution for
his/her active status in said organizations for more than $500.
H. Any active volunteer member of either the NPRS and/or
the NPFD who is receiving a public pension from or through the State of New
Jersey shall be permitted to receive such deferred contribution unless otherwise
prohibited by law.
The estimated costs of the program have been calculated as $50,000 per
year.
Each active volunteer member shall be credited with points for volunteer
services provided to the NPRS or the NPFD in accordance with the attached
schedules.