Pro-Rated Longevity Payment. Longevity pay shall be pro-rated depending on the number of months in the year during which an employee has been in each category (e.g., an employee hired on September 1 shall receive $75 {3/12 of $300} in the December following the completion of his fourth year of service, and $375 {$300 + 3/12 of the $300 difference between annual benefits} in the December following the completion of his ninth year of service, etc.).
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
