A Length of Service Awards Program (LOSAP) is herewith created in accordance
with Chapter 388 of the Laws of 1997, to award members of the Volunteer Rocky Hill Fire Company and
the Rocky Hill First Aid and Rescue Squad for their loyal, diligent, and devoted
services to residents of the Borough of Rocky Hill and surrounding communities.
The LOSAP shall provide for fixed annual contributions to a deferred
income account for each volunteer member that opts to participate in the program
and that meets the criteria set forth below. Such contributions shall be made
in accordance with a plan that shall be established by the Borough of Rocky
Hill pursuant to P.L. 1997, c. 388. Such plan shall be administered in accordance
with the laws of the State of New Jersey, the United States Internal Revenue
Code, and this chapter.
The LOSAP shall provide for annual contributions to each participating
eligible member who meets the following criteria: One year of service shall
be credited under the LOSAP for each calendar year after establishment of
the program in which an active volunteer in the Rocky Hill Fire Company or
the Rocky Hill First Aid and Rescue Squad accumulates at least 50 points (as
set forth below). The amount of the award shall be $ 900 per annum.
The estimated cost of the program has been calculated as $22,500 per
year for regular annual services.
This chapter shall take effect after publication thereof and final passage
according to law and shall further only take effect after approval as a public
question by the majority of voters casting a ballot at the next regular or
special election.