Common use of Longevity Stipend Clause in Contracts

Longevity Stipend. Each Tier I teacher who was employed by the District during the 2016-2017 school year and who has continuously worked in the district for the specified number of years shall receive an additional stipend as shown below to be paid with the June or July payroll. These multipliers shall be applied to the base salary listed on the schedule for each year. 2017-2020 10-14 years 0.014 15-19 years 0.024 20-24 years 0.040 25 or more years 0.060