[HISTORY: Adopted by the Mayor and Council of the Borough of Northvale 8-24-1999 by Ord. No. 744-99. Amendments noted where applicable.]
Fire Department — See Ch. 18.
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 fighters and Ambulance Corps members for their loyal, diligent and devoted services to the residents of the Borough of Northvale.
Editor's Note: See N.J.S.A. 40A:14-183 et seq.
The LOSAP shall provide for fixed annual contributions to a deferred-income account for each volunteer member that meets the criteria set forth below; that such contributions shall be made in accordance with a plan that shall be established by the Borough of Northvale 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 that meets the criteria as follows:
Achieves minimum service levels to be eligible for an annual contribution.
Five years of service are required for vesting.
The amount of the 2016 annual contribution for each eligible member shall be $843.29.
[Amended 5-12-2016 by Ord. No. 960-2016; 3-8-2017 by Ord. No. 971-2017]
Beginning in the year 2017, the annual contribution for each eligible member shall automatically be increased by the same amount as the percentage increase in the consumer price index factor as set by the Director of the State of New Jersey, Division of Local Government Services.
[Added 5-12-2016 by Ord. No. 960-2016; amended 3-8-2017 by Ord. No. 971-2017]
The LOSAP shall provide for contributions as credit for no more than 10 years of prior services for each eligible volunteer in accordance with the following schedule:
Prior service shall include volunteer membership and participation in the Northvale Fire Department and the Northvale Volunteer Ambulance Corps.
The estimated cost of the program has been calculated as follows:
Each active volunteer member shall be credited for one year of volunteer service provided to the Volunteer Fire Department or Ambulance Corps in accordance with the following schedule: