An Act relative to establishing a trust to administer a length of service award program for the Swansea Fire Department

This bill authorizes the Swansea Board of Selectmen to create a trust fund specifically for a length of service award program for volunteer firefighters in the Swansea Fire Department. The program is designed as a deferred compensation plan that can be funded through town appropriations, gifts, and bequests, with existing funds for such awards automatically transferred into the new trust. While the town meeting can decide how much money to contribute, the bill prohibits individual firefighters from making personal contributions and ensures that all funds are restricted solely to this award program. The trust assets will be managed by the town treasurer or a third-party administrator and distributed based on length of service, with any funding shortfalls shared proportionally among all eligible beneficiaries.