§ 37-15. Contribution plan.

Latest version.

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 City of North Wildwood pursuant to P.L. 1997, c. 388, as amended (N.J.S.A. 40A:l4-183, et seq.); 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.

                    
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