A Length of Service Awards Program (LOSAP) is
hereby created in accordance with Chapter 388 of the Laws of 1997 to reward members of the Rutherford Volunteer Fire Department
and the Rutherford First Aid Ambulance Corps for their loyal, diligent,
and devoted services to the residents of the Borough of Rutherford.
The LOSAP shall provide for fixed annual contributions
to a deferred-income account for each volunteer member that meets
or exceeds the criteria set forth below; that such contributions shall
be made in accordance with a plan that shall be established by the
Borough of Rutherford pursuant to P.L. 1997, c. 388; and that such
plan shall be administered in accordance with the laws of the State
of New Jersey, the United States of America Internal Revenue Code
and this chapter.
The LOSAP shall provide for annual contributions
to each eligible member that meets or exceeds the criteria as follows:
A. One hundred points are required for a member to be
eligible for the maximum annual contribution.
B. Five years of service are required for vesting.
C. The annual contribution shall be $1,441 per eligible
member, which amount shall be adjusted to reflect an annual cost of
living increase in accordance with the published consumer price index
as stated by the State of New Jersey, Division of Local Finance.
[Amended 6-28-2005 by Ord. No. 3080-05; 12-16-2008 by Ord. No. 3176-08]
The estimated cost of the program has been calculated
as follows:
A. For regular annual services: $125,000 per year.
[Amended 12-16-2008 by Ord. No. 3176-08]
Each active volunteer member shall be credited
with points for volunteer services provided to the volunteer fire
company/First Aid Ambulance Corps in accordance with the following
schedule:
A. Fire Department: See Schedule A attached hereto and
made a part hereof.
B. First Aid Ambulance Corps: See Schedule B attached
hereto and made a part hereof.
This chapter shall not take effect unless and
until it is approved by the voters as a public question at the next
general election.