A Length of Service Awards Program (LOSAP) is herewith created in accordance
with Chapter 388 of the Laws of 1997 to reward members of the volunteer fire fighters and ambulance
corps members for their loyal, diligent and devoted services to the residents
of the Township of Wyckoff.
The LOSAP shall provide for fixed annual contributions to a deferred-income
account for each volunteer member that meets the criteria set forth below;
that such contributions shall be made in accordance with a plan that shall
be established by the Township of Wyckoff 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 Internal Revenue Code and this chapter.
[Amended 5-17-2005 by Ord. No. 1499]
The LOSAP shall provide for annual contributions to each eligible member
that meets the criteria as follows:
A. One hundred points are required for a member to be eligible
for an annual contribution.
B. Five years of service are required for vesting.
C. The annual contribution shall be $115,200 per year.
[Amended 5-17-2005 by Ord. No. 1499]
The estimated cost of the program has been calculated as follows:
A. For regular annual services: $115,200 per year.
Each active volunteer member shall be credited with points for volunteer
services provided to the volunteer fire company/ambulance corps in accordance
with the following schedule:
A. Wyckoff Volunteer Fire Department: see Schedule A.
B. Wyckoff Volunteer Ambulance Corps: see Schedule B.
That this chapter shall not take effect unless it is approved by voters
as a public question at the next general election.