[Adopted 8-11-1999 by Ord. No. 662]
A Length of Service Awards Program (LOSAP) is herewith created in accordance with Chapter 388 of the Laws of 1997 to reward volunteer members of the Carneys Point Fire Department and Rescue Squad for their loyal, diligent and devoted services to the residents of Carneys Point Township.
Editor's Note: See N.J.S.A. 40A:14-183 et seq.
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 Carneys Point 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 Code and this article.
The LOSAP shall provide for annual contributions to each eligible member of the Carneys Point Fire Department and Rescue Squad who, in accordance with the by-laws of the Carneys Point Fire Department and Rescue Squad, attains not less than 80 points in accordance with Schedule A, attached hereto, during the calendar year. Each member who qualifies shall receive a minimum of $200 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 80 points. Any member who shall serve for less than one year shall have his or her benefit prorated based upon the length of service in that year.
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 schedule:
Each exempt and nonexempt member of the Carneys Point Fire Department and Rescue Squad shall be credited with a year of active service for each year 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 $190 per year during the first year of the plan.
The estimated cost of the program has been calculated as follows:
Each active volunteer member shall be credited with points for volunteer services provided to the Carneys Point Fire Department and Rescue Squad in accordance with the following schedule: See attached Schedule A.