Common use of Longevity Compensation Clause in Contracts

Longevity Compensation. Members shall receive, in addition to other pay called for herein, Longevity Compensation based on completed years of service according to the following table: After five (5) years of continuous service After ten (10) years of continuous service After fifteen (15) years of continuous service After twenty (20) years of continuous service After twenty (25) years of continuous service $ 600/year $ 800/year $ 1,000/year $1,200/year $1,400/year The longevity compensation shall be paid, in accordance with the above schedule, in two (2) separate lump sum payments during the first pay periods of June and December of each year. Upon termination of service for other than just cause, members who are eligible for longevity pay under this section (or in the event of death, the surviving spouse, dependents or estate) will be paid, as part of their terminal pay, the final partial year of longevity compensation, prorated to the number of months completed during said partial year since the member's last payment date. For the purpose of this article continuous years of service shall include approved military leave and any time in paid status.

Appears in 3 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement