A Length of Service Awards Program (LOSAP) is hereby created
in accordance with N.J.S.A. 40A:14-183 et seq. and applicable regulations
as promulgated and implemented by Local Finance Board in the Division
of Local Government Services in the Department of Community Affairs
and from time to time amended in order to reward members of participating
emergency services organizations designated by the Franklin Borough
Council, including the Borough of Franklin Volunteer Fire Department
and the Wallkill Valley First Aid Squad, for their loyal, diligent
and devoted service to the residents of the Borough of Franklin.
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 Franklin 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 United States
Internal Revenue Code and this chapter.
The LOSAP shall provide for annual contributions to each member
that meets the following criteria:
A. A minimum of 600 annual service points are required for a member
of the Wallkill Valley First Aid Squad to be eligible for an annual
contribution to the LOSAP program, calculated in accordance with the
Borough of Franklin Wallkill Valley First Aid Squad LOSAP Service
Point System, annexed as Schedule 1 of this chapter.
B. A minimum of 100 annual service points are required for a member
of the Borough of Franklin Volunteer Fire Department to be eligible
for an annual contribution to the LOSAP program, calculated in accordance
with the Borough of Franklin Volunteer Fire Department LOSAP Service
Point System, annexed as Schedule 2 of this chapter.
In accordance with N.J.S.A. 40A:14-191, each participating emergency
services organization shall furnish to the Borough Council, by no
later than January 10 of the new year, an annual certification list,
under oath sworn or affirmed by the head of such organization, of
all volunteer members who have qualified for credit under the award
program for the prior year.
In accordance with N.J.S.A. 40A:14-192, the Borough Council
shall review the annual certification list furnished by each participating
emergency services organization and approve the final annual certification.
The Borough shall endeavor to complete such certification by no later
than February 7 of the applicable year, and return same to the organization
to post for 30 days for review by members. Failure of the Borough
Council to meet such deadline will not operate as a waiver or to preclude
any award except as otherwise prohibited by law.
Five years of service beginning after the effective date of
this chapter, not necessarily consecutive, shall be required for vesting.
The Borough's annual contribution shall be $500 per eligible
member.
The estimated cost of this program has been calculated at $50,000
per year.