Common use of STABILITY ADJUSTMENTS Clause in Contracts

STABILITY ADJUSTMENTS. Section 1. When an employee has completed five (5) years of continuous service in the County as of December 1 of the current year, he/she shall be eligible to receive two and one-half (2 1/2) percent of his/her annual salary for the current calendar year based on his/her current base rate of pay. For each additional year of continuous service after five, the employee shall qualify for an additional one-half (1/2) of one (1) percent up to and including his/her tenth year. For all continuous service after ten (10) years, the stability payment shall continue at the rate established for the tenth year of five (5) percent. At the discretion of the EMPLOYER, time on authorized leave of absence for education may be included in computing stability compensation. The maximum annual salary on which stability pay will be computed shall be in accordance with the following schedule: Maximum Base Salary On Which Years of Service StabilityPay Will Be Computed Less than eleven (11) years of continuous service $16,000 Eleven (11) years but less than twelve (12) years of continuous service $17,000 Twelve (12) years but less than thirteen (13) years of continuous service $18,000 Thirteen (13) years but less than fourteen (14) years of continuous service $19,000 Fourteen (14) years but less than fifteen (15) years of continuous service $20,000 Fifteen (15) years but less than sixteen (16) years of continuous service $21,000 Sixteen (16) years but less than seventeen (17) years of continuous service $22,000 Seventeen (17) years but less than eighteen (18) years of continuous service $23,000 Eighteen (18) or more years of continuous service. $24,000 Such stability payment shall be paid in a lump sum on a December payroll.

STABILITY ADJUSTMENTS. Section 1. When an employee has completed five (5) years of continuous service in the County as of December 1 of the current year, he/she shall be eligible to receive two and one-half (2 1/2) percent of his/her annual salary for the current calendar year based on his/her current base rate of pay. For each additional year of continuous service after five, the employee shall qualify for an additional one-half (1/2) of one (1) percent up to and including his/her tenth year. For all continuous service after ten (10) years, the stability payment shall continue at the rate established for the tenth year of five (5) percent. At the discretion of the EMPLOYER, time on authorized leave of absence for education may be included in computing stability compensation. The maximum annual salary on which stability pay will be computed shall be in accordance with the following schedule: Maximum Base Salary On Which Continuous Years of Service StabilityPay Stability Pay Will Be Computed Less than eleven (11) years of continuous service $16,000 Eleven (11) years but less than twelve (12) years of continuous service $17,000 Twelve (12) years but less than thirteen (13) years of continuous service $18,000 Thirteen (13) years but less than fourteen (14) years of continuous service $19,000 Fourteen (14) years but less than fifteen (15) years year of continuous service $20,000 Fifteen (15) years but less than sixteen (16) years of continuous service $21,000 Sixteen (16) years but less than seventeen (17) years of continuous service $22,000 Seventeen (17) years but less than eighteen (18) years of continuous service $23,000 Eighteen (18) or more years of continuous service. $24,000 Such stability payment shall be paid in a lump sum on a December payroll.

STABILITY ADJUSTMENTS. Section 1. When an employee has completed five (5) years of continuous service in the County as of December 1 of the current year, he/she shall be eligible to receive two and one-half (2 1/2) percent of his/her annual salary for the current calendar year based on his/her current base rate of pay. For each additional year of continuous service after five, the employee shall qualify for an additional one-half (1/2) of one (1) percent up to and including his/her tenth year. For all continuous service after ten (10) years, the stability payment shall continue at the rate established for the tenth year of five (5) percent. At the discretion of the EMPLOYER, time on authorized leave of absence for education may be included in computing stability compensation. The maximum annual salary on which stability pay will be computed shall be in accordance with the following schedule: Continuous Years of Service Maximum Base Salary On Which Years of Service StabilityPay Stability Pay Will Be Computed Less than eleven (11) years of continuous service $16,000 Eleven (11) years but less than twelve (12) years of continuous service $17,000 Twelve (12) years but less than thirteen (13) years of continuous service $18,000 Thirteen (13) years but less than fourteen (14) years of continuous service $19,000 Fourteen (14) years but less than fifteen (15) years year of continuous service $20,000 Fifteen (15) years but less than sixteen (16) years of continuous service $21,000 Sixteen (16) years but less than seventeen (17) years of continuous service $22,000 Seventeen (17) years but less than eighteen (18) years of continuous service $23,000 Eighteen (18) or more years of continuous service. $24,000 Such stability payment shall be paid in a lump sum on a December payroll.

STABILITY ADJUSTMENTS. Section 1. When an employee has completed five (5) years of continuous service in the County as of December 1 of the current year, he/she shall be eligible to receive two and one-half (2 1/2) percent of his/her annual salary for the current calendar year based on his/her current base rate of pay. For each additional year of continuous service after five, the employee shall qualify for an additional one-half (1/2) of one (1) percent up to and including his/her tenth year. For all continuous service after ten (10) ten years, the stability payment shall continue at the rate established for the tenth year of five (5) percent. At the discretion of the EMPLOYER, time on authorized leave of absence for education may be included in computing stability compensation. At the discretion of the EMPLOYER, credit may also be given for prior service with the EMPLOYER providing the employee has been reinstated by the EMPLOYER within five (5) years of his/her previous County service. The maximum annual salary on which stability pay will be computed shall be in accordance with the following schedule: Continuous Years of Service Maximum Base Salary On Which Years of Service StabilityPay Stability Pay Will Be Computed Less than eleven (11) years of continuous service $16,000 Eleven (11) years but less than twelve (12) years of continuous service $17,000 Twelve (12) years but less than thirteen (13) years of continuous service $18,000 Thirteen (13) years but less than fourteen (14) years of continuous service $19,000 Fourteen (14) years but less than fifteen (15) years of continuous service $20,000 Fifteen (15) years but less than sixteen (16) years of continuous service $21,000 Sixteen (16) years but less than seventeen (17) years of continuous service $22,000 Seventeen (17) years but less than eighteen (18) years of continuous service $23,000 Eighteen (18) or more years of continuous service. $24,000 Such stability payment shall be paid in a lump sum on a December payroll. Any employee upon retiring from County service may be paid stability payment as of the date of his/her retirement, however, such payment shall be prorated on the number of payroll periods worked during the calendar year in which such employee retired. Stability pay may also be paid to survivors in the case of death while the individual is an employee of the County. Such payment shall be prorated on the number of payroll periods worked during the calendar year in which death occurred.