Eligibility for Longevity Pay Sample Clauses
The 'Eligibility for Longevity Pay' clause defines the criteria employees must meet to receive additional compensation based on their length of service. Typically, this clause outlines the minimum years of continuous employment required and may specify which types of positions or employment statuses qualify for longevity pay. By clearly establishing who is entitled to this benefit, the clause ensures fairness and transparency in rewarding long-term employees, thereby promoting retention and recognizing loyalty.
Eligibility for Longevity Pay. As early as at least July 1, 2011, regular employees who have completed five (5), ten (10), twenty (20), and twenty-five (25) years of service (which went into effect June 28, 2010) with the City of ▇▇▇▇▇▇ have and shall continue to receive longevity pay adjustments as follows. 5 years 2.7500% 10 years 5.5000% 20 years 8.4020% 25 years 13.0000%
1. Years of service served as a Peace Officer Standards and Training (POST) certified Peace Officer in another agency shall apply toward longevity eligibility as though earned with the City of ▇▇▇▇▇▇.
Eligibility for Longevity Pay. As early as at least July 1, 2011, regular employees who have completed ten (10) and twenty (20) years of service with the City of ▇▇▇▇▇▇ have and shall continue to receive longevity pay adjustments as follows:
Eligibility for Longevity Pay. As early as at least July 1, 2011, Police Lieutenants who have completed five (5), ten (10), and twenty (20) years of service with the City of ▇▇▇▇▇▇ have and shall continue to receive longevity pay adjustments as follows:
Eligibility for Longevity Pay. As early as at least July 1, 2011, regular employees who have completed ten (10) and twenty (20) years of service with the City of ▇▇▇▇▇▇ have and shall continue to receive longevity pay adjustments as follows. Service Compensation Adjustment 10 years 5.5000% 20 years 8.4020% Longevity pay is effective the start of the pay period that includes the ten (10) or twenty (20) year anniversary date. Longevity pay is not cumulative.
Eligibility for Longevity Pay. Employees covered by this Agreement shall be entitled to an annual longevity payment in addition to his/her base salary according to the following schedule. Each employee, after completion of ten (10) years of accumulated full-time employment, shall be entitled to an annual longevity payment, in addition to the base salary, according to the following formula: The longevity payment which shall be paid on the first payday after the employee’s anniversary date, shall be equal to the employee’s bi-weekly pay then in effect multiplied by one twentieth (1/20) of the number of years of accumulated full-time employment.