[Adopted 10-20-2003 by Ord. No. 2003-9 (Ch. 63, Art. I, of
the 1995 Code)]
Whereas, the Township of Riverside has a long-standing policy
of providing specific benefits to individuals employed by the Township
of Riverside upon retirement, be it resolved by the Township Committee
of the Township of Riverside that those same benefits upon retirement
currently extended to Riverside nonunion employees are hereby memorialized
and attached to this article for the purpose of establishing a written
record of said for audit and State of New Jersey purposes.
Benefits received by nonunion employees upon retirement shall
be as follows:
A.
Any employee who retires due to medical reasons, disability or regular
retirement shall receive all earned, unused and accumulated sick,
personal and longevity monies due them. These monies shall be prorated.
Sick time shall be paid at 50% of all days, prorated to the date the
employee retires, up to a maximum established by the salary ordinance
applicable to the year in which the employee retires.
B.
An employee retiring due to medical reasons, disability, or regular
retirement payment shall be eligible for full vacation pay.
C.
Personal days shall be paid at 100% of all days unused, prorated
to the date of retirement, retirement due to medical reasons, disability,
or regular retirement, with no maximum payment.
D.
Longevity shall be paid for the entire year, prorated to the date
of retirement, retirement due to medical reasons, disability, or regular
retirement.
E.
Any employee who retires, or retires due to medical disability reasons,
as opposed to general resignation or discharge shall be eligible to
receive these benefits.
F.
The Township shall provide for retirees the same medical coverage
or level of medical coverage afforded to them when they were in the
employ of the Township of Riverside, at no additional cost up to the
time the employee becomes eligible to receive Medicare/Medicaid.
