REGULAR TERMINAL LEAVE PAY. Each regular, full-time, permanent Employee in full-pay status and actively at work performing assigned duties having: (1) accrued twenty-five (25) or more years of creditable service as a "Sworn Uniform Firefighter and/or Fire Officer"; (2) become eligible in all respects for pension benefits in accordance with the rules and regulations of the Bureau of Police and Fire Pensions, Division of Pensions, New Jersey Department of the Treasury; (3) retired; and
REGULAR TERMINAL LEAVE PAY. Each regular, full-time, permanent Employee in full-pay status and actively at work performing assigned duties having (1) accrued twenty-five (25) or more years of creditable service as a "Sworn" Uniform Firefighter or Fire Officer; (2) becomes eligible in all respects for Pension benefits in accordance with the rules and regulations of the Bureau of Police and Fire Pensions, Division of Pensions, New Jersey Department of Treasury; (3) retired; and (4) been awarded a pension shall be entitled to Terminal Leave at the rate of two (2) days pay at the then current daily rate of pay for each complete year of creditable service with the Township's Department of Fire up to a maximum service credit time of thirty
REGULAR TERMINAL LEAVE PAY. Each regular, full-time, permanent Employee in full-pay status and actively at work performing assigned duties having: (1) accrued twenty-five (25) or more years of creditable service as a “Sworn Uniform Firefighter and/or Fire Officer” in an approved state pension system or its equivalent; (2) become eligible in all respects for pension benefits in accordance with the rules and regulations of the Bureau of Police and Fire Pensions, Division of Pensions, New Jersey Department of the Treasury; (3) retired; and (4) been awarded a pension, shall be entitled to Terminal Leave at the rate of two days’ pay at the then-current daily rate of pay for each complete year of PFRS creditable service with the Township’s Fire Department up to a maximum service credit time of 25 years. No additional credit shall be earned for any service time beyond twenty five (25) years. For all employees hired on or after January 1, 2014, a retired employee, satisfying the conditions of subsections 1-3 above, shall be entitled to terminal leave pay at the rate of two days’ pay at the then-current daily rate of pay for each completed year of PFRS creditable service with the Township’s Fire Department up to a maximum of a total of 90 days terminal leave pay for any and all terminal leave pay provided in Section 1 through Section 6 of this Article. For all employees hired on or after January 1, 2018, a retired employee, satisfying the conditions of subsections 1-3 above, shall be entitled to terminal leave pay at the rate of two days’ pay at the then-current daily rate of pay for each completed year of PFRS creditable service with the Township’s Fire Department up to a maximum of a total of 82.5 days terminal leave pay for any and all terminal leave pay provided in this Article. All Notices under this Article are to be furnished on or before February 1 of the year in which Terminal Leave is sought to be paid. Payment will be made on or before the expiration of two township budget cycles (but in no event more than 24 months) from the date the notice is furnished by the retiree.
