Longevity Benefit. At the end of each year that a teacher has been employed with the District they will be awarded a yearly longevity bonus as follows:
Longevity Benefit. 1. The district will provide certificated educational staff with an increased salary allotment as a longevity benefit. The individuals desiring these funds will notify the district administration by February 1st of their plan to retire at the end of the following year; must meet the rule of 85 or reach the age of 62; and be employed in the district for a minimum of fifteen (15) consecutive years.
Longevity Benefit. Longevity benefits shall be determined on an employee's anniversary date of hire each year. Full-time employees who meet the eligibility requirements in Section 16.2, and who have completed a minimum of five (5) years continuous service with the Employer shall receive longevity benefits calculated on the basis of fifty dollars ($50) for each full year of continuous service, provided, however, the maximum payment allowed under this Section shall be one thousand dollars ($1,000). There shall be no pro rata longevity payment upon an employee's termination for any reason whatsoever.
Longevity Benefit. Employees who have completed five (5) or more years of continuous employment with the County shall receive longevity pay in December of each year according to the following scale: 5 through 7 years $300 8 through 11 years $350 12 through 19 years $400 20 or more years $450
Longevity Benefit. Any retiring administrator of the Xxxxx Central School District who meets the following eligibility requirements shall receive the longevity lump sum payment, which would be contributed as an employer non-elective contribution into an IRS 403(b) tax sheltered annuity plan established for the benefit of the retiring employee. The eligibility requirements are set forth below:
Longevity Benefit. Effective July 1, 2019, employees who have completed a minimum of five (5) years of service with the City of Rialto shall receive longevity pay equal to the following (non-cumulative) percentage of his or her current base salary/hourly rate of pay: Years of City Service Percentage of Base Salary 10+ years 6% To the extent applicable and permitted by law, this pay shall be reportable to CalPERS as special compensation, as defined under Sections 571 and 571.1 of Title 2 of the California Code of Regulations.
Longevity Benefit. Employees who have completed seven (7) or more years of employment with the County shall receive a once-a-year lump sum payment of Three Hundred Dollars ($300) as longevity pay. Employees who have completed eight (8) or more years of employment shall receive a once-a-year lump sum payment of Three Hundred Fifty Dollars ($350) as longevity pay. Employees who have completed twelve (12) or more years of employment with the County shall receive a once-a-year lump sum payment of Four Hundred Dollars ($400) as longevity pay. For the purposes of determining longevity pay only, an employee who works an annual average of sixty (60) or more hours per pay period shall be paid the full longevity payment. An employee who works an annual average of forty (40) or more hours per pay period shall be paid one-half (1/2) of the longevity payment. An employee who works an annual average of less than forty (40) hours per pay period shall receive no longevity pay. The longevity payment shall be paid in December of each calendar year. Employees who have completed eighteen (18) or more years of employment with the County shall receive a once-a-year lump sum payment equal to two percent (2%) of the employee's base pay. Employees who have completed twenty-four (24) or more years of employment with the County shall receive a once-a-year lump sum payment equal to three percent (3%) of the employee's base pay.
Longevity Benefit. At the end of each year, beginning with the fourth consecutive year that a teacher has been employed with the District, they will be awarded a yearly longevity bonus of $100 per year for each consecutive year of service paid on the final paycheck of the year. Sabbaticals and Board approved leaves of absence do not invalidate consecutive years.
Longevity Benefit. Employees hired before February 24, 2000, shall receive longevity pay in December of each year according to the following scale: After completion of 5 through 7 years of service $300 After completion of 8 through 11 years of service $350 After completion of 12 through 19 years of service $400 After completion of 20 or more years of service $450 Employees hired on or after February 24, 2000, shall receive longevity pay in December of each year according to the following scale: After completion of 10 through 15 years of service $300 After completion of 16 through 20 years of service $350 After completion of 21 years or more of service $400
Longevity Benefit. A longevity benefit increment will be added to the salary of each administrator who has been employed by the Committees for at least 10 years according to the following scale:
