As used in this chapter, the following terms shall have the
meanings indicated:
CVFD
The Clinton Volunteer Fire Department.
DEFINED BENEFIT
Monthly contributions after 20 years of service at 65 years of age as described in §
110-3A.
THE PLAN
As described in §
110-3 and referenced throughout the document.
TOWN
The Town of Clinton.
Members of CVFD who have completed one year of continuous service
and meet the eligibility requirements set forth in the CVFD Tax Abatement
Ordinance (attached), will be enrolled in the plan.
The Town will contribute the entire cost of the benefits and
will retain an actuary to annually determine the appropriate amount
necessary to fund the plan.