A Length of Service Awards Program ("LOSAP") is herewith created in accordance with Chapter
388 of the Laws of 1997, to reward members of the Denville Volunteer Fire Department
and First Aid Squad for their loyal, diligent, and devoted services
to the people of the municipality and surrounding communities.
The LOSAP shall provide for fixed annual contributions to a
deferred income account for each volunteer member who meets the criteria
set forth below; that such contributions shall be made in accordance
with a plan that shall be established by the governing body of the
Township of Denville 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.
To be eligible to participate in the LOSAP, an individual must
be an active volunteer member, as defined in N.J.S.A. 40A:14-183 et
seq., of the Denville Fire Department and First Aid Squad. Active
volunteer members shall be eligible to participate in the LOSAP immediately
upon the commencement of the active volunteer member's performance
of active emergency services in the Denville Fire Department and First
Aid Squad.
[Amended 11-9-2021 by Ord. No. 34-21]
A. On or before January 31 of each year, a committee of three individuals
shall meet to discuss and verify the total points for each eligible
member of the Denville Fire Department and First Aid Squad for the
previous calendar year. The committee shall consist of the Department
Chief, First Aid Captain and Township Chief Finance Officer.
B. An eligible member shall be awarded an annual LOSAP contribution
based upon total points earned in the preceding calendar year in accordance
with the following schedule of points:
Total Points
|
Percentage of Maximum Contribution
|
---|
90 and over
|
100%
|
70 to 89
|
75%
|
55 to 69
|
50%
|
40 to 54
|
25%
|
10 to 39
|
16%
|
1 to 9
|
$100
|
[Amended 11-9-2021 by Ord. No. 34-21]
An active volunteer member shall be eligible to vest in the
LOSAP if the active volunteer member has completed at least five years
of emergency service in any emergency service organization in the
state, in accordance with N.J.S.A. 40A:14-188.
Points shall not carry over from one calendar year to the next
calendar year.
The estimated cost of the LOSAP has been computed as follows:
A. For the calendar year 2020, the estimated annual contribution is
$58,500.
B. For the calendar year 2021, the estimated annual contribution is
$59,670.
C. For the calendar year 2022, the estimated annual contribution is
$60,863.
The LOSAP Program, as prescribed herein, shall not take effect
unless approved by the voters as a public question at the next general
election and, if approved, shall become effective on January 1, 2020.