[HISTORY: Adopted by the Township Committee of the Township of Oldmans 8-2-2000 by Ord. No. 2000-4. Amendments noted where applicable.]
A Length of Service Awards Program (LOSAP) is herewith created in accordance with Chapter 388 of the Laws of 1997[1] to reward volunteer members of the Logan Volunteer Fire Company, Auburn Volunteer Fire Company and Pedricktown First Aid & Rescue Squad for their loyal, diligent and devoted services to the residents of Oldmans Township.
[1]
Editor's Note: See N.J.S.A. 40A:14-186.
The LOSAP shall provide for fixed annual contributions to a deferred-income account for each volunteer member that meets the criteria set forth below; such contributions shall be made in accordance with a plan that shall be established by the Township of Oldmans pursuant to P.L. 1997, c. 388; and 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 7-8-2020 by Ord. No. 2020-07]
The LOSAP shall provide for annual contributions to each eligible member of the Logan Volunteer Fire Company, Auburn Volunteer Fire Company and Pedricktown First Aid & Rescue Squad who, in accordance with the bylaws of the Logan Volunteer Fire Company, Auburn Volunteer Fire Company and Pedricktown First Aid & Rescue Squad, attains not less than 85 points in accordance with Schedule A, attached hereto, during the calendar year.[1] Each member who qualifies shall receive a minimum of $300 for a full year of service and a maximum of $1,150 for a full year of service. The exact amount of the benefit shall be based on the number of members who attain not less than 85 points. Any member who shall serve for less than one year shall his or her benefit prorated based upon the length of service in that year.
[1]
Editor's Note: Schedule A is on file in the Township offices.
The LOSAP shall provide for contributions as credit for no more than five years of prior years' services for each eligible volunteer in accordance with the following: Each exempt and nonexempt member of the Logan Volunteer Fire Company, Auburn Volunteer Fire Company and Pedricktown First Aid & Rescue Squad shall be credited with a year of active service for each year since 1990 that the member was active and satisfied the minimum percentage for that year; provided, however, that in no event shall a member receive more than five years of prior service credits. Prior service shall be credited at the rate of $200 per year during the first year of the plan.
The estimated cost of the program has been calculated as follows:
A. 
During the first year of the plan (fiscal year 2001): $35,000.
B. 
During each subsequent fiscal year of the plan: $30,000 per year, plus an annual inflation adjustment as permitted by law.
Each active volunteer member shall be credited with points for volunteer services provided to the Logan Volunteer Fire Company, Auburn Volunteer Fire Company and Pedricktown First Aid & Rescue Squad in accordance with the following schedule: See attached Schedule A.[1]
[1]
Editor's Note: Schedule A is on file in the Township offices.
This chapter shall not take effect unless it is approved by the voters of Oldmans Township as a public question at the next general election.[1]
[1]
Editor's Note: Ord. No. 2000-4 was approved at the general election 11-7-2000.