Common use of Longevity Bonus Clause in Contracts

Longevity Bonus. Upon retirement, Unit Members will be compensated with a longevity bonus for years of service in the District: 20 – 24 years $2,000 25 – 29 years $2,500 30 or more years $3,000

Longevity Bonus. Unit members shall receive Longevity Bonuses as an adjustment to base salary upon the occurrence of each of the following: Years of Completed Service 3 years $1,000 5 years. $500 10 years. $500 15 years. $500 20 years. $1,500 25 years $1,500 Upon retirementcompletion of the designated years of service, Unit Members the Longevity Bonus will be compensated with a longevity bonus added to base salary subsequent to the application of the designated per centage salary increase for years of service in the District: 20 – 24 years $2,000 25 – 29 years $2,500 30 or more years $3,000subject contract year.