City of Cape May, NJ Chapter 105 Volunteer Incentives

[HISTORY: Adopted by the City Council of the City of Cape May as indicated in article histories. Amendments noted where applicable.]

GENERAL REFERENCES

Fire Department — See Ch. 46.

Article I Length of Service Award Program

[Adopted 1-20-2004 by Ord. No. 1319-2003[1]]

[1] Editor's Note: This ordinance was approved by the voters at an election held 5-11-2004.

§ 105-1 Program established.

A Length of Service Award Program ("LOSAP") is hereby created in accordance with the Emergency Service Volunteer Length of Service Award Program Act (N.J.S.A. 40A:14-183 et seq.) to reward volunteer members of the Cape May Fire Department for their loyal, diligent and devoted services to the residents of the City of Cape May.

§ 105-2 Fixed annual contributions.

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 City of Cape May pursuant to N.J.S.A. 40A:14-183 et seq.; and that such plan shall be administered in accordance with the laws of the State of New Jersey, the US Internal Revenue Code, and this article.

§ 105-3 Criteria.

The LOSAP shall provide for annual contributions to each eligible member who earns 50 points in any calendar year based upon the criteria set forth on Schedule A attached hereto.[1]

[1] Editor's Note: Schedule A is on file in the municipal offices.

§ 105-4 Amount of annual contribution.

The annual contribution shall be $1,150 per eligible member.

§ 105-5 No credit for service prior to program.

No credit for service rendered prior to the establishment of this service award program shall be provided under this article.

§ 105-6 Active participation required.

Five years of active participation is required prior to a volunteer being eligible to receive payment of award contributions.

§ 105-7 Annual cost.

The estimated total amount to be budgeted for the program has been calculated to be $23,000 per year based on 20 eligible volunteers.

§ 105-8 Investments.

Under this Length of Service Award Program, a system would be established by the City of Cape May to provide tax-deferred income benefits to active, qualified volunteer members of the Cape May Fire Department, by means of investment in those products permitted pursuant to N.J.S.A. 43:15B-3.