[HISTORY: Adopted by the Town Council of the Town of Newton 2-11-2013 by Ord. No. 2013-3. Amendments noted where applicable.]020a Schedule A
A Length of Service Award Program ("LOSAP") is hereby created in accordance with the Emergency Services Volunteer Length of Service Award Program Act, N.J.S.A. 40A:14-183 to 40A:14-194 (hereinafter referred to as the "Act"), to reward members of the Newton Volunteer First Aid Squad for their loyal, diligent, and devoted service to the residents of the Town of Newton.
The LOSAP shall provide for annual contributions on behalf of each eligible member to a deferred income account within a plan to be established by the Town of Newton and administered in accordance with the Act and all applicable state and federal laws.
To be eligible for LOSAP contributions on his or her behalf, a member must meet the following criteria, to be determined each calendar year:
A member must accumulate at least 50 points for activities as set forth in the annexed Schedule A during a calendar year to be eligible for the LOSAP contribution for that calendar year. There shall be no carry-over from year to year.
The annual contribution for each eligible member shall be between a minimum of $115 and a maximum of $1,150.
A member shall be eligible for participation in the LOSAP immediately upon commencement of service with the Newton Volunteer First Aid Squad. Five years of service, as determined by N.J.S.A. 40A:14-188, shall be required for each individual member to vest in contributions made on his or her behalf.
There shall be no credit for prior years of service, except for a point award as set forth in the annexed Schedule A.
The estimated cost of the program is $34,500 per year.
Each active volunteer member shall be credited with points for volunteer service in accordance with the activities described in the annexed Schedule A.