Longevity for Pension Purposes. Longevity will be computed as part of an employee's base pay for pension purposes only beginning November 1, 1989 with the 7% pension contribution being deducted proportionately over the 26 biweekly pay periods even though longevity pay itself will continue to be paid in one lump sum after the close of the applicable fiscal year.
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Longevity for Pension Purposes. Longevity will be computed as part of an employee's a members base pay for pension purposes only beginning November 1, 1989 with the seven (7% %) percent pension contribution being deducted proportionately over the 26 biweekly twenty-six (26) bi-weekly pay periods even though longevity pay itself will continue to be paid in one lump sum after the close of the applicable fiscal year.
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