[HISTORY: Adopted by the Mayor and Council of the Borough of Harrington Park as indicated in article histories. Amendments noted where applicable.]
[Adopted 6-16-2014 by Ord. No. 690]
A Length of Service Award Program (LOSAP) is herewith created in accordance with Chapter 388 of the Laws of 1997 to reward members of the Harrington Park Volunteer Ambulance Corps for their loyal, diligent, and devoted services to the residents of Borough of Harrington Park.
Editor's Note: See N.J.S.A. 40A:14-185 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 Borough of Harrington Park 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 ambulance squad member that meets the criteria as follows:
One hundred points are required for a member to be eligible for a full annual contribution; 90 points are required for a member to be eligible for 90% annual contribution; 80 points are required for a member to be eligible for 80% annual contribution; 70 points are required for a member to be eligible for 70% annual contribution; 60 points are required for a member to be eligible for 60% annual contribution; and 50 points are required for a member to be eligible for 50% annual contribution.
Five years of service are required for vesting. However, for previous years of service, each active member shall be entitled to a credit, for vesting purposes only, of one year credit for each two years of active service to a maximum of five years credit, for full vesting.
The annual contribution per eligible active ambulance squad member, commencing with the year 2014, shall be as be as follows: $1,150.
In future years, the base annual contribution shall be increased commensurate with the percentage increase in the consumer price index (CPI).
Each active volunteer ambulance squad member shall be credited with points for volunteer services provided to the Harrington Park Volunteer Ambulance Corps in accordance with Schedule A attached.
Editor's Note: Schedule A is included as an attachment to this chapter.
This article shall not take effect unless it is approved by voters as a public question at the next general election.
Editor's Note: This article was approved at the election on 11-4-2014.
The following referendum question shall be submitted to the voters of the Borough of Harrington Park at the November 4, 2014, general election: