SALARIES AND LONGEVITY. A. BASE WAGES – Conditions relative to and governing base wages and salaries are contained in Addendum B, which is attached and incorporated into this Agreement by this reference. B. For the purposes of longevity only, time shall be computed from and start July 1, 1987, and the following schedule of benefits shall be paid to employees who accrue seniority in the time elements stipulated. Longevity Pay: Subsequent to the completion of five years of consecutive, full-time MPEA and MFPE employment, employees who otherwise qualify will receive supplemental longevity pay as provided in the following schedule: YEARS OF TENURE LONGEVITY PAY After 5 years through the end of the 10th year $ 20.00 per month After 11 years through the end of the 15th year $ 40.00 per month After 16 years through the end of the 20th year $ 60.00 per month After 21 years through the end of the 25th year $ 80.00 per month After 26 years $100.00 per month Earned longevity pay will be paid to eligible employees in a lump sum payment and included in their regular biweekly paycheck nearest to September 30th of each year. Longevity pay will be calculated as of the previous June 30th. The maximum payment is for twelve (12) months.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
SALARIES AND LONGEVITY. A. BASE WAGES – - Conditions relative to and governing base wages and salaries are contained in Addendum B, which is attached and incorporated into this Agreement by this reference.
B. For the purposes of longevity only, time shall be computed from and start July 1, 1987, and the following schedule of benefits shall be paid to employees who accrue seniority in the time elements stipulated. Longevity Pay: Subsequent to the completion of five ten years of consecutive, full-full- time MPEA and MFPE employment, employees who otherwise qualify will receive supplemental longevity pay as provided in the following schedule: YEARS OF TENURE LONGEVITY PAY After 5 years through the end of the 10th year $ 20.00 per month After 11 10 years through the end of the 15th year $ 40.00 20.00 per month After 16 15 years through the end of the 20th year $ 60.00 40.00 per month After 21 20 years through the end of the 25th year $ 60.00 per month After 25 years through the end of the 30th year $ 80.00 per month After 26 30 years $100.00 per month Earned longevity pay will be paid to eligible employees in a lump sum payment and included in their regular biweekly paycheck nearest to September 30th of each year. Longevity pay will be calculated as of the previous June 30th. The maximum payment is for twelve (12) months.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
SALARIES AND LONGEVITY. A. BASE WAGES – - Conditions relative to and governing base wages and salaries are contained in Addendum B, which is attached and incorporated into this Agreement by this reference.
B. For the purposes of longevity only, time shall be computed from and start beginning July 1, 1987, and the following schedule of benefits shall be paid to employees who accrue seniority in the time elements stipulated. Longevity Pay: Subsequent to the completion of five (5) years of consecutive, full-full- time MPEA and MFPE employment, employees who otherwise qualify will receive supplemental longevity pay as provided in the following schedule: YEARS OF TENURE LONGEVITY PAY After 5 years through the end of the 10th year $ 20.00 per month After 11 years through the end of the 15th year $ 40.00 per month After 16 years through the end of the 20th year $ 60.00 per month After 21 years through the end of the 25th year $ 80.00 per month After 26 years $$ 100.00 per month Earned longevity pay will be paid to eligible employees in a lump sum payment and included in their regular biweekly paycheck nearest to September 30th of each year. Longevity pay will be calculated as of the previous June 30th. The maximum payment is for twelve (12) months.
Appears in 1 contract
Samples: Collective Bargaining Agreement