[Adopted by Ord. No. 2002-15 (Sec. 2-38A of the 1987 Revised General Ordinances)]
A Length of Service Awards Program (LOSAP) is herewith created
in accordance with N.J.S.A. 40A:14-183 et seq., to reward members
of the Borough of Red Bank Volunteer Fire Department and the Borough
of Red Bank Volunteer First Aid Squad (inclusive of the fire companies
and first aid squads recognized and sanctioned by the Borough) for
their loyal, diligent and devoted services to the residents of the
Borough of Red Bank.
[1]
Editor's Note: The Length of Service Awards Program was
approved by the electorate at the General Election of 11-5-2002.
The LOSAP shall provide for fixed annual contributions to be
made by the Borough annually to a tax-deferred income account for
each volunteer member who the Borough determines meets the annual
eligibility criteria set forth below; that such contributions shall
be made in accordance with a plan that shall be established by the
Borough of Red Bank pursuant to the Act; and that such plan shall
be administered in accordance with the laws of the State of New Jersey,
the U.S. Internal Revenue Code, and this article.
The LOSAP shall provide for annual contributions for each eligible
member whom the Borough had determined has performed and accrued 50
points of service in the particular calendar year pursuant to the
Borough of Red Bank Point System. The governing body of the Borough
reserves the right to amend the point system and schedule.
The annual contribution amount for each year of future service
for each eligible volunteer member shall be $1,150. The estimated
annual cost of this program shall be based on 100 members for a total
cost of $115,000.
[Amended 11-29-2017 by Ord. No. 2017-37]
Each active volunteer member shall accrue and be credited with
points, to be totaled on an annual basis per calendar year, for volunteer
services provided as per the Borough of Red Bank LOSAP Point System
Schedules set forth herein as part of this article.[1] The Fire Department and First Aid Rescue Squad shall at
the conclusion of each calendar year provide a list and recommendation
as to the members achieving the required 50 points of service and
the basis for that recommendation. The governing body will thereafter
make the determinations to the members on the list as to compliance
with the eligibility requirement for each calendar year in accordance
with N.J.A.C. 5:30-14 et seq.
[1]
Editor's Note: The LOSAP Point System Schedules referred to herein are included as attachments to this chapter.
