RESOLUTION

A RESOLUTION TO AMEND THE CONTRACT OF THE VOLUNTEER FIRE AND RESCUE ASSOCIATION'S LENGTH OF SERVICE AWARDS PROGRAM

            WHEREAS, in March of 1995, the Fauquier County Board of Supervisors entered into a contract with Volunteer Firemen’s Insurance Service to provided a Length of Service Awards Program (LOSAP) to the Volunteer Fire and Rescue Association; and

            WHEREAS, during the FY03 budget process, the Volunteer Fire and Rescue Association voted to amend the LOSAP contract for the purposes of distributing more funds towards their Capital Improvement Program; and

            WHEREAS, this amendment will maintain all accrued annuities for those volunteers who were vested in the program as of January 1, 2002 ; and

            WHEREAS, this amendment will continue the originally contracted life insurance benefit to all Volunteer Fire and Rescue Association members; and

WHEREAS, Volunteer Fire and Rescue personnel who were not vested as of January 1, 2002, will no longer be eligible to accrue annuity benefits; and

WHEREAS, this amendment establishes a LOSAP liability payoff date of approximately 2012; and

WHEREAS, on May 21, 2003 , the Fauquier County Public Safety Committee endorsed this amendment; now, therefore, be it

            RESOLVED by the Fauquier County Board of Supervisors this 16^th day of June 2003, That the Volunteer Fire and Rescue Association’s Length of Service Awards Program contract be amended.