Township Council Meeting — Packet

allowance shall be increased to $5,000 for years 2025, 2026,2027 and 2028." Existing subparagraph F shall be re-labeled "B". Section 5; Revise to add the following: A bi-monthly payroll may be implemented provided that: (1} the Township provides the SOA at least sixty (60) days’ advance notice; (2) same is implemented in January of a given contract year; and (3) the Township tenders each member's annual salary in full for the calendar year immediately preceding the switch to a bi-monthly payroll. Section 6 (new}. The parties’ existing Longevity pay entitlement, which shall be payable upon the member's completion of the years set forth below, shall be codified as follows: Near 5: 2% Year 10: 4% (Year 15: 6% Year 20: 8% Year 24: 10% ARTICLE 21 — HEALTH BENEFITS Sections 4, 5, and 6. |dentify specific Aetna Health Plan; Prescription Plan and Dental Plan and attach summary of coverage for each plan as appendices. Section 7. Revise current text to replace all references to “signing of this agreement” with “February 15, 2022” as applicable. ARTICLE 23 - SCHOOLING Effective January 1, 2025 replace current annual $400 (Associates) and $800 (Bachelors) lump sum allowances payable each August by: (1) expressly identifying the below dollar amounts payable to members possessing the applicable degree(s); and (2) distributing same on a prorated basis each pay period along with base salary. Said payment shall be applicable to any such Degree, not just police administration, from an accredited institution of higher learning and