[1997 § 35-17; Ord. No. 09-2000]
A Length of Service Awards Program, hereinafter referred to
as LOSAP, is herewith created in accordance with Chapter 388 of the
Laws of 1997, to reward members of the Absecon Volunteer Fire Department
and the Absecon VFW Volunteer Ambulance Squad for their loyal, diligent,
and lengthy services to the residents of the City of Absecon.
[1997 § 35-18; Ord. No. 09-2000]
The LOSAP shall provide for fixed annual contributions to a deferred income account for each volunteer member who meets the criteria set forth in Section
35-19; that such contributions shall be made in accordance with a plan that shall be established by the City of Absecon 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 Article.
The LOSAP shall provide for contributions to each eligible member
that meets the criteria as follows:
A. Each active volunteer who would be eligible for LOSAP shall accumulate
points and be provided a LOSAP payment from the City of Absecon according
to the following schedule:
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500 points = $1,150 per year
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475 to 499 points = $575 per year
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450 to 474 points = $525 per year
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425 to 449 points = $475 per year
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400 to 424 points = $425 per year
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300 to 399 points = $375 per year
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B. Points shall be awarded according to Schedule A (attached) for the
Absecon Volunteer Fire Department and Schedule B (attached) for the
Absecon Emergency Services, Inc.
C. In all case the following schedule represents the maximum and minimum
points that can be awarded within the categories listed on Schedules
A and B. Operations must represent a minimum of 60% of all points
in order to qualify for an annual award. Administration can only represent
10% maximum of the points awarded for an annual award and Training
can represent 30% of the points awarded annually.
D. The annual contribution for the City of Absecon for each qualifying
volunteer shall be adjusted annually based on the consumer price index
pursuant to N.J.S.A. 40A:14-185(f).
[1997 Code § 35-20; Ord. No. 09-2000]
Ten years of service are required in order for each member to
become vested in the LOSAP. Prior service years shall be recognized
and credited for vesting purposes only, up to a maximum of five years.
[1997 Code § 35-20; Ord. No. 09-2000; Ord. No. 19-2007]
The estimated cost of this program will be $69,000 in the first
year and has been calculated as follows:
Fire Department (45 members @ $1,150 each)
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$51,750
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Ambulance Squad (15 members @ $1,150 each)
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$17,250
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Total
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$69,000
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[Ord. No. 19-2007 § 6]
This section shall not take effect unless it is approved by
the voters of the City of Absecon as a Public Question at the next
general election, which will be held on November 6, 2007. (The Public
Question was adopted by the voters on November 6, 2007.)