January 19, 2010
Re: Length of Service Award Changes
The Division of Local Government Services recently released Local Finance Notice 2010-1, addressing the annual adjustment to Length of Service Award Programs. Similar to the change in budget caps, the Consumer Price Index for LOSAP decreased from 2008 to 2009, resulting in no increase in LOSAP CPI based award amounts for 2009 service.
You can find Local Finance Notice 2010-1 at http://www.state.nj.us/dca/lgs/. Please share this with appropriate personnel in your organization.
Very truly yours,
William G. Dressel, Jr.