A Length of Service Awards Program (LOSAP) is
herewith created in accordance with Chapter 388 of the Laws of 1997 to reward members of the volunteer fire-fighting and Ambulance
Corps. for their loyal, diligent and devoted services to the residents
of the Township of Rochelle Park.
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 Township of
Rochelle Park pursuant to P.L. 1997, c. 388; and that 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 eligible member who meets the criteria as follows:
A. Achieves minimum service levels to be eligible for
an annual contribution.
B. Five years of service are required for vesting.
C. The annual contribution shall be $600 per eligible
member for fire-fighters and $750 per eligible member for Ambulance
Corp.
The estimated cost of the program has been calculated
as follows:
A. For regular annual services of fire fighters at $600
per member, the total Department cost is $30,000 per year.
B. For regular annual services of Ambulance Corp. members
at $750 per member, the total Department cost is $11,250 per year.
C. Fifty fire fighters and 15 Ambulance Corp. members.
D. For contribution for one prior year of service: $80,000
estimated for five years.
Each active volunteer member shall be credited
for one year of volunteer service provided to the Volunteer Fire Department/Ambulance
Corps. in accordance with the following schedule:
A. Fire Department: See Schedule A.
B. Ambulance Corps.: See Schedule B.
This chapter shall not take effect unless it
is approved by voters as a public question at the November 6, 2001,
general election. If approved by voters, it shall be effective January 1,
2002.