Longevity Award. 10.1. In addition to the Monthly Pay prescribed herein, any Employee who has been Continuously Employed by the City for a number of qualified Pay Periods, the total of which is not less than eight (8) years, shall receive from and after the beginning of the next Pay Period following completion of his or her eighth year of service, a monthly longevity award equal to four percent (4%) of his or her Monthly Pay and any Employee who has been Continuously Employed by the City for a number of qualified Pay Periods, the total of which is not less than sixteen (16) years, shall receive from and after the beginning of the next Pay Period an additional monthly longevity award equal to four percent (4%) of his or her Monthly Pay. Such longevity award shall be computed to the nearest dollar per month. The term "
Longevity Award. 9.1. In addition to the Monthly Pay prescribed herein, any Employee who has been Continuously Employed for a number of qualified pay periods, the total of which is not less than eight (8) years, shall receive from and after the beginning of the next pay period following completion of his or her eighth year of service, a monthly longevity award equal to four percent (4%) of his or her Basic Monthly Pay and any Employee who has been Continuously Employed for a number of qualified pay periods, the total of which is not less than sixteen (16) years, shall receive from and after the beginning of the next pay period an additional monthly longevity award equal to four percent (4%) of his or her Basic Monthly Pay. Such longevity award shall be computed to the nearest dollar per month. The term "qualified pay period" shall mean any pay period the Employee was employed and/or paid by the City for not less than three-fourths (¾) of the normal working hours of the Position he or she then occupied. Any time spent by an Employee on leave of absence while on military duty with any military service of the United States shall be considered as time spent in the employment of the City for purposes of determining the number of such Employee's qualified pay periods.
Longevity Award. The District will continue to provide a longevity award. This award will be paid using the following schedule: Continuous Certificated Kuspuk Service Years: 4-8 $500 9 + $1000 This award is grandfathered in for all certificated staff employed during the 2010-11 school year. Beginning with the 2011-12 school year, the term “continuous” means no break in service. Break in service includes not having a current valid Alaska Teacher’s License for any length of time, leave of absence, or leaving the employment of the school district. The longevity award will be paid with the May paycheck for each qualifying person. *This incentive is provided annually through grant funding. Should this grant funding diminish to the point where this incentive can no longer be fully funded, this incentive will not be paid, and the administration will contact MKEA regarding this matter.
Longevity Award. 7.4.1 Effective July 1, 2017, the District shall provide a longevity award to eligible unit members who have obtained at least 10 years of fulltime credited service with the District, and continuing in various increments up to 25 years of fulltime credited service with the District, as listed below: 10 years of service = $20 per month 15 years of service = $30 per month 20 years of service = $40 per month 25 years of service = $55 per month
Longevity Award. 9.1. In addition to the monthly pay prescribed herein, any Employee who has been Continuously Employed by the City for a number of qualified pay periods, the total of which is not less than eight (8) years, shall receive from and after the beginning of the next pay period following completion of his or her eighth year of service, a monthly longevity award equal to four percent (4%) of his or her Basic Monthly Pay and any Employee who has been Continuously Employed by the City for a number of qualified pay periods, the total of which is not less than sixteen (16) years, shall receive from and after the beginning of the next pay period an additional monthly longevity award equal to four percent (4%) of his or her Basic Monthly Pay. Such longevity award shall be computed to the nearest dollar per month. The term "qualified pay period" shall mean any regular minimum period of time at the end of which full-time Employees of the City are regularly paid and during which the Employee was employed and/or paid by the City for not less than three-fourths (¾) of the normal working hours of the Position he or she then occupied.
Longevity Award. A. The Trumansburg Central School District recognizes the educational value of having an experienced staff. It is not the District’s intent by the provisions of Article XV to encourage senior staff members to leave its employ.
Longevity Award. In the 26th year of service and thereafter, certificated staff will receive a $300 longevity stipend annually. This will be pro-rated over the twelve (12) months of the contract.
Longevity Award. 13.1 Employees who are on the payroll as of November 30 who have completed at least five years of continuous employment with the City are eligible to receive an annual longevity award which is paid after November 30 of each year.
Longevity Award. Upon retirement (conventional or disability retirement) from the Le Xxx Central School District, each twelve-month administrator will receive an amount equal to one thousand dollars ($1000) times the number of years of administrative service to the district. Eligible administrators may exercise this provision at any time upon reaching the age of retirement pursuant to TRS regulations. Said amount will be paid solely in the form of a non-elective employer contribution to a qualified 403(b) program designated by the retiring administrator, subject to the contribution limits as outlined in the Internal Revenue Code, section 415(C). No administrator may receive cash in lieu of or as an alternative to said non-elective employer contribution. In any applicable year, the maximum non-elective employer contribution shall not cause an administrator’s 403(b) account to exceed the applicable contribution limit under Section 415(c)(1) of the Code, as adjusted for cost-of-living increases. For non-elective employer contributions made post-employment to former administrators’ 403(b) accounts, the contribution limit shall be based on the administrator’s compensation, as determined under Section 403(b)(3) of the Code and in any event, no non-elective employer contribution shall be made on behalf of such former administrator after the fifth taxable year following the taxable year in which that administrator terminated employment. In the event that the calculation of the non-elective employer contribution referenced in any of the preceding paragraphs exceed the applicable contribution limits, the excess amount shall be handled by the Employer as follows:
Longevity Award. A longevity award will be granted on an annual basis to all school related professionals based on continuous full-time years of service or continuous hours of seniority as follows: o An employee has been employed for a minimum of 5 years and has at least 5,940 continuous hours of seniority $150 o An employee has been employed for a minimum of 10 years and has at least 11,880 continuous hours of seniority $500 o An employee has been employed for a minimum of 15 years and has at least 17,820 continuous hours of seniority $750 o An employee has been employed for a minimum of 20 or more years and has at least 23,760 continuous hours of seniority $900 Each year the award will be granted in the month of May. *Years of employment shall be calculated as of April 1 each school year and continuous hours of seniority shall be calculate as of start of the school year.
