[Adopted 7-26-82 by Ord. No. 14-1982]
All full-time employees who have been employed by the Borough for a minimum of twenty (20) years shall receive upon retirement, in addition to any and all other benefits due, a sum of money equivalent to ninety (90) days' salary at said employee's regular rate of pay at the time of said retirement.
Any full-time employee who has been employed by the Borough for a minimum of twenty (20) years shall receive upon death a sum of money equivalent to ninety (90) days' salary at said employee's regular rate of pay at the time of death, Payment is conditioned upon death occurring during the time such employee is actively employed by the Borough of Avon-by-the-Sea. This payment is in addition to any and all other benefits due.
The effect of this Article shall be retroactive to July 1, 1977.