For the purpose of this ordinance and in the interpretation
and application hereof, except as the context may otherwise require,
the following terms shall have the meanings indicated:
COMPENSATION
An employee's average annual compensation during the last
year of his full-time permanent employment with the Borough of Wildwood
Crest prior to the employee's retirement date.
DAILY RATE
Compensation, as herein defined, divided by the number of
working days in the particular employee's last year of full-time permanent
employment. The number of working days for this purpose shall be based
on a five-day workweek and shall not take into account any holiday,
vacation or other leave time to which the employee is entitled.
EFFECTIVE RETIREMENT DATE
The date on which an employee ceases to be a full-time, permanent
employee, either as a result of cessation of employment while living
or by reason of death.
FULL-TIME PERMANENT EMPLOYMENT
Any assignment to any position of employment with the Borough
of Wildwood Crest for an indeterminate period as defined by the New
Jersey Department of Civil Service.
LONGEVITY FACTOR
That percentage based upon the employee's length of full-time
permanent employment with the Borough of Wildwood Crest which shall
be utilized to determine benefits as provided herein. Any employee
in his final year of employment who worked more than six months shall
be credited with a full year for the purpose of computing the number
of years of service. Unless provided in bargained union agreements,
longevity provisions shall not apply to any employees hired on or
after January 1, 1995.
That percentage shall be as follows:
Number of Full-Time Permanent Years of Service
|
Longevity Factor
|
---|
0 to 14
|
0%
|
15
|
20%
|
16
|
23%
|
17
|
26%
|
18
|
29%
|
19
|
32%
|
20
|
35%
|
21
|
38%
|
22
|
41%
|
23
|
44%
|
24
|
47%
|
25
|
50%
|
UNUSED SICK LEAVE
The number of days of accumulated sick leave accrued during
the employee's full-time permanent employment with the Borough of
Wildwood Crest which is credited to an employee on the employee's
effective retirement date.
Each and every full-time permanent employee of the Borough of
Wildwood Crest shall be entitled at the time of retirement to receive
supplemental compensation for unused accumulated sick leave credited
to him on the effective date of his retirement.
Except as otherwise noted herein, each retiring employee shall
receive a supplemental retirement benefit for unused sick leave which
shall be determined by multiplying the number of days of unused sick
leave by the daily rate and then multiplying that result by the longevity
factor. Unless provided in bargained union agreements, longevity provisions
shall not apply to any employees hired on or after January 1, 1995.
Effective January 1, 2015, the amount of longevity pay that an employee
is entitled to is frozen at the longevity pay which the employee is
receiving as of December 31, 2014. No further increase shall be made
either by additional years of service or an increase in pay. The longevity
pay is frozen at the dollar amount in effect as of December 31, 2014.
Upon application by a retiring employee, at least 60 days prior
to retirement in the case of a retiring employee who is ceasing employment,
or within 60 days after death in the case of a retiring employee who
qualifies under this ordinance by reason of death while a full-time
permanent employee of the Borough of Wildwood Crest, the appointing
authority shall certify the amount of unused sick leave. In the sole
option of the Board of Commissioners, the payment on account therefor
may be made in either of two methods: in three equal, annual installments
commencing on the first day of July of the year following the year
of the employee's effective retirement date or by one payment in full
on or before the first day of July of the year following the year
of the employee's effective retirement date. In the event of the death
of the employee subsequent to the effective retirement date but prior
to payment of said supplemental retirement benefit or any or all of
the installments thereof or in the event of qualification under this
ordinance by reason of death while a full-time, permanent employee
of the Borough of Wildwood Crest, the payment, installment or installments
falling due after the death of the employee will be made to the executor,
administrator, legatee or next of kin, as determined in the sole discretion
of the Borough of Wildwood Crest upon submission of proper proof of
entitlement by that person making a claim therefor, and any such decision
by the Borough of Wildwood Crest and payment pursuant thereto shall
be final and conclusive as to all persons and shall discharge the
Borough of Wildwood Crest, to the extent of such payment, from any
further liability to any other person with respect thereto.
[New]
Retirees receiving retiree health benefits who are duly enrolled
in Medicare Parts A and B shall be reimbursed by the Borough of Wildwood
Crest. The program shall be as stated in the current Borough Policy
and Procedures Manual on file with the Municipal Clerk.
All other ordinances in conflict or inconsistent with this ordinance
are hereby repealed to the extent of such conflict or inconsistency.
Should any section, paragraph, sentence or word of this ordinance
be declared for any reason to be invalid, it is the intent of the
municipality that it would have passed all other portions of the ordinance
independent of the elimination herefrom of any such portion as may
be declared invalid.
This ordinance shall take effect upon final passage and advertisement
thereof as required by law.