In this article, the following words and phrases have the following
meanings:
CONTRIBUTION
A payment made to the Trust Fund by the County.
INVESTMENT MANAGER
A person or entity who exercises discretion in the management
of all or a part of the assets of an institutional investor.
LOSAP
The program created by the passage in 2014 of Article
II of Chapter
49, Personnel, of the Code of Public Local Laws of Caroline County, Maryland.
PARTICIPATING COMPANY
A volunteer fire company located in Caroline County whose
members are eligible to participate in the County's LOSAP.
TRUST FUND
The Volunteer Firefighter Length of Service Award Program
("LOSAP") Trust Fund established to pay all or part of the benefits
provided under the program.
Any asset held by the Trust Fund shall not be subject to any
creditor of the County and is exempt from execution, attachment, prior
assignment, or any other judicial relief or order for the benefit
of any creditor or third person.