N.J. Admin. Code § 5:30-14.23

Current through Register Vol. 56, No. 23, December 2, 2024

Section 5:30-14.23 - Prototypical length of service award plan

(a) A contractor shall submit a prototypical LOSAP plan to the Director for approval pursuant to 5:30-14.17. The plan shall serve as the contract between the local government unit and a third party for the administration and investment of the funds awarded to participating active volunteers.

(b) The Director shall assign a separate identifier to each contractor's approved prototypical length of service award plan. The contractor shall ensure that the identifier shall appear in a prominent position on each plan offered to a sponsoring agency.

(c) The approval of a prototypical length of service award plan by the Director shall not constitute an endorsement thereof.

N.J. Admin. Code § 5:30-14.23