[HISTORY: Adopted by the Township Council of the Township of Greenwich 8-15-2005 by Ord. No. 13-2005; amended in its entirety 10-19-2009 by Ord. No. 27-2009. Amendments noted where applicable.]
The Length of Service Awards Program (LOSAP) is herewith created in accordance with Chapter 388 of the Laws of 1997 to reward volunteer fire fighters of the Gibbstown Volunteer Fire Company for their loyal, diligent and devoted services to the residents of the Township of Greenwich.
The LOSAP shall provide for fixed annual contributions to a deferred 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 Greenwich Township Council, 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 U.S. Internal Revenue Service Code and this chapter.
This LOSAP shall provide for annual contributions to each eligible member who meets the criteria as follows:
The estimated cost of the program has been calculated as $59,800 per year if each active volunteer earns maximum points for service.
Each active volunteer member shall be credited with points for volunteer services provided by the Gibbstown Volunteer Fire Company in accordance with Schedule A attached and incorporated by reference into this chapter.
Editor's Note: Schedule A and any amendments thereto are available from the Township Clerk.