[Adopted 7-27-1999 by Ord. No. 99-6]
A Length of Service Awards Program (LOSAP) is herewith created,
in accordance with Chapter 388 of the Laws of 1997,[1] to reward members of the Volunteer Westwood Fire Department
and Volunteer Ambulance Corps for their loyal, diligent, and devoted
services to the residents of the Borough of Westwood.
[1]
Editor's Note: See N.J.S.A. 40A:14-183 et seq.
Commencing January 1, 2000, 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 established by the Borough
of Westwood pursuant to P.L. 1997, c. 388,[1] and such plan shall be administered in accordance with
the laws of the State of New Jersey, the U.S. Internal Revenue Code,
and this article.
[1]
Editor's Note: See N.J.S.A. 40A:14-183 et seq.
The LOSAP shall provide for annual contributions to each eligible
member that meets the criteria as follows:
The estimated cost of the program has been calculated in accordance
with the attached schedule, factoring approximately 15% expansion
for the year 2000:
|
Total Budget for Regular Annual Services
| |
|---|---|
|
Year
|
Budget Amount
|
|
2000
|
$40,000
|
|
2001
|
$60,000
|
|
2002
|
$80,000
|
Each active volunteer member shall be credited with points for
volunteer services provided to the Volunteer Westwood Fire Department
or Volunteer Ambulance Corps in accordance with the schedule affixed
hereto.
