Common use of Educational Premium Pay Schedule Clause in Contracts

Educational Premium Pay Schedule. Effective December 26, 2020, the following educational premium pay schedule shall be in effect for all college credits and/or degrees earned from institutions meeting the requirements set forth in provision A.13. Annual Rate (*the rate per pay period will be determined by dividing the annual rate by the number of pay periods) Forty-five Credits $1000 * Note: Ninety (90) credits in a major field which are accepted by a college which can issue Bachelor’s Degree in the approved field will be eligible for “accepted field” status. An employee is eligible for a change in educational premium pay the first pay period after the employee submits a written request to the City.

Educational Premium Pay Schedule. Effective December 26, 2020, the The following educational premium pay schedule shall be in effect for all college credits and/or degrees earned from institutions meeting the requirements set forth in provision A.1317.6. Annual % of Employee’s Base Rate (*the rate per pay period will be determined by dividing the annual rate by the number of pay periods) Pay Credits Forty-five Credits $1000 1.95% * Associate Degree 4% Bachelor Degree 5.4% Master Degree 6.85% * Note: Ninety (90) credits in a major field which are accepted by a college which can issue a Bachelor’s Degree in the approved field will be eligible for “accepted field” status. An employee is eligible for a change in educational premium pay the first pay period after the employee submits a written request to the City.