Common use of Longevity Payments Clause in Contracts

Longevity Payments. A full-time member who was hired prior to July 1, 2011 and has completed not less than ten (10) years of state service shall receive semi-annual lump sum longevity payments based on service completed as of the first day of April and the first day of October of each year, as follows: • A member who has completed ten (10) or more years but less than fifteen (15) years of state service shall receive an amount equal to one-fourth (1/4) the longevity base for the rank. • A member who has completed fifteen (15) or more years but less than twenty (20) years of state service shall receive an amount equal to one-half (1/2) of the longevity base for the rank. • A member who has completed twenty (20) or more years but less than twenty-five

Longevity Payments. A full-time member who was hired prior to July 1, 2011 and has completed not less than ten (10) years of state service shall receive semi-annual lump sum longevity payments based on service completed as of the first day of April and the first day of October of each year, as follows: •  A member who has completed ten (10) or more years but less than fifteen (15) years of state service shall receive an amount equal to one-fourth (1/4) the longevity base for the rank. •  A member who has completed fifteen (15) or more years but less than twenty (20) years of state service shall receive an amount equal to one-half (1/2) of the longevity base for the rank. •  A member who has completed twenty (20) or more years but less than twenty-five