"Shall the City of North Wildwood be authorized
to establish a Length of Service Awards Program for volunteer fire
fighters that are active members of the North Wildwood Volunteer Fire
Company and the Anglesea Volunteer Fire Company that serve the City
of North Wildwood in accordance with the following terms and conditions:
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A.
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The program shall provide for annual contributions
to a deferred income account for each active volunteer member that
meets the eligibility criteria and in accordance with the Schedule
adopted by the City of North Wildwood.
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B.
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The proposed maximum annual contribution for
an active volunteer firefighter is $1,150 for the year 2005. Thereafter,
that amount shall be subject to adjustment in accordance with the
Consumer Price Index (CPI) pursuant to and in accordance with N.J.S.A.
40A:14-185(f) and N.J.A.C. 5:30-14.9.
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C.
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The estimated cost of the program has been calculated
as follows: For regular annual services: $32,200 for the year 2005.
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Explanatory statement: The City of North Wildwood
has decided to create a Length of Service Awards Program ("LOSAP")
for active members of the North Wildwood Volunteer Fire Company and
the Anglesea Volunteer Fire Company that serve the citizens of the
City of North Wildwood. The general requirements for a LOSAP are set
forth in state law (N.J.S.A. 40A:14-183, et seq.). Additional details
on the program may be found in the ordinance adopted by the City of
North Wildwood, which is available for public inspection, along with
a copy of the state enabling law at the City Hall, 901 Atlantic Avenue,
North Wildwood, New Jersey, 08260, between 8:00 a.m. and 4:00 p.m.,
Monday through Friday (legal holidays excluded)."
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