Township Council Meeting — Packet

Longevity Payments between 2% and 10% of pensionable salaries are limited to those employees eligible under a collective bargaining agreement. Stipends as defined or assigned FROM TO Administrative Detective Line Detective Police Stipend Captain Stipend Holiday Pay Ret HB Pay 1/1/2024 12/31/2024 1,000 2,000 4,500 2,000 7% 10.5% 1/1/2025 12/31/2025 2,500 2,500 5,000 2,500 7% 10.5% *Insert Management Title K-2 1/1/2026 Municipal12/31/2026 Engineeer - Consistent with Contract 2,500 2,500 5,000 2,500 7% 10.5% 1/1/2027 12/31/2027 2,500 2,500 5,000 2,500 7% 10.5% 1/1/2028 12/31/2028 2,500 2,500 5,000 2,500 7% 10.5% Retirement Health Benefit Pay of 10.5% of Pensionable Base Pay will be paid only to new Uniformed Police hired after January 1, 2021. Page 89 of 175