Continuing Education Premium Sample Clauses
Continuing Education Premium. Employees who, after obtaining a Bachelor or Associate degree in an approved field of study, take an approved three credit class (quarter system) from an approved institution in an approved field of study, are eligible to receive an additional 2% premium pay in addition to the premium provided for in Subsections A and B above, for the 12 months following successful completion of the three-credit class. The City will provide for reimbursement for the cost of the class under the City's policy on tuition reimbursement. Employees with AA or BA degrees who successfully complete approved classes as described above in one calendar year are eligible to receive this additional premium for all 12 months of the following calendar year. This incentive pay will continue during any contract year in which the City fails to fully fund Employees' requests for tuition reimbursement in an approved field of study and for six months following the reinstatement of such funding. Employees pursuing or maintaining the Education Premium shall do so on their own time. Professional seminars and classes are not credited toward achieving the continuing education premium. Employees hired on or after January 1, 1998, shall be paid at the following rate:
A. Attainment of an Associate degree from an accredited college or university in an approved field of study: 2% of the officer’s base monthly salary.
B. Attainment of a Bachelor degree from an accredited college or university in an approved field of study: 4% of the officer's base monthly salary. The City will provide for reimbursement for the cost of the class under the City's tuition reimbursement policy. Employees pursuing or maintaining the Education Premium shall do so on their own time. Professional seminars and classes are not credited toward achieving the continuing education premium.
Continuing Education Premium. Employees who, after obtaining a Bachelor or Associate degree in an approved field of study, take an approved three credit class (quarter system) from an approved institution in an approved field of study, are eligible to receive an additional 2% premium pay in addition to the premium provided for in Subsections A and B above, for the 12 months following successful completion of the three-credit class. The City will provide for reimbursement for the cost of the class under the City's policy on tuition reimbursement. Employees with AA or BA degrees who successfully complete approved classes as described above in one calendar year are eligible to receive this additional premium for all 12 months of the following calendar year. This incentive pay will continue during any contract year in which the City fails to fully fund Employees' requests for tuition reimbursement in an approved field of study and for six months following the reinstatement of such funding. Employees pursuing or maintaining the Education Premium shall do so on their own time. Professional seminars and classes are not credited toward achieving the continuing education premium.