Annual Longevity Bonus. An annual longevity bonus will be paid to recognize the following service lengths of full-time employees based on the following:
Annual Longevity Bonus. For those employees hired prior to July 1, 2016, upon completion of ten (10) or more years of service, employees shall receive an annual longevity bonus equal to four dollars ($4.00) for each year of service completed up to a maximum of thirty
Annual Longevity Bonus. 51.1: All regular full-time employees having completed five (5) years, or more, of continuous regular employment prior to December 1st, shall be eligible to receive a longevity bonus for service with the Employer. Payment to employees who become eligible to receive a longevity bonus, shall be paid the same the first regular pay day of December. Employees who retire before December 1st, shall be paid a prorated bonus when they retire, based on the number of calendar months of full-time active employment credited to them from the preceding December 1st to the date of cessation of their active employment.
51.2: Employees whose employment terminates for other reasons prior to December 1st, shall not be eligible to receive a longevity bonus.
51.3: Employees on unpaid leaves of absence in excess of thirty (30) days for reasons other than illness, shall not be eligible to receive a longevity bonus. Employees on unpaid leaves of absence due to illness during the twelve (12) month eligibility period for a longevity bonus, other than their initial longevity bonus, shall receive a pro-rata payment based on the following formula for unexcused hours not worked: 161 hours - 320 hours = Reduction of 1/6 Longevity 321 hours - 480 hours = Reduction of 1/4 Longevity 481 hours - 640 hours = Reduction of 1/3 Longevity 641 hours - 800 hours = Reduction of 5/12 Longevity 801 hours - 960 hours = Reduction of 1/2 Longevity 961 hours - 1120 hours = Reduction of 7/12 Longevity 1121 hours - 1280 hours = Reduction of 2/3 Longevity 1281 hours - 1440 hours = Reduction of 3/4 Longevity 1441 hours - 1600 hours = Reduction of 5/6 Longevity 1601 hours - 1760 hours = Reduction of 11/12 Longevity 1761 hours - 2080 hours = NO Longevity payment 51.4: The longevity bonus payment schedule shall be as follows: 11 YEARS OR MORE, BUT LESS THAN 16 YEARS = 2% OF CURRENT BASE SALARY 16 YEARS, BUT LESS THAN 25 YEARS = 3% OF CURRENT BASE SALARY 25 Years or More Years = 4% OF CURRENT BASE SALARY For the 25 Years or More tier only, the portion of the 4% longevity payment that is 1% of wages shall not be MERS eligible wages and therefore is not includable in the Final Average Compensation for pension calculations.
