Longevity Pay Program Sample Clauses
The Longevity Pay Program clause establishes a system of additional compensation for employees based on their length of service with an organization. Typically, this clause outlines eligibility criteria, such as a minimum number of years worked, and details the incremental pay increases or bonuses awarded at specific service milestones. By providing financial incentives for continued employment, the clause encourages employee retention and rewards long-term commitment, helping organizations reduce turnover and maintain experienced staff.
Longevity Pay Program. Employees in the bargaining unit shall be eligible for a two and one-half percent (2.5%) increase in salary after ten (10) years of service to the county, provided the last annual performance evaluation was overall satisfactory or above. Employees in the bargaining unit shall be eligible for an additional two and one-half percent (2.5%) increase in salary for a total of five percent (5%) after fifteen (15) years of service to the county, provided the last annual performance evaluation was overall satisfactory or above. Employees in the bargaining unit shall be eligible for an additional two and one-half percent (2.5%) increase in salary for a total of seven and one-half percent (7.5%) after twenty (20) years of service to the county, provided the last annual performance evaluation was overall satisfactory or above.
Longevity Pay Program. The City provides the following retention incentive plan for all eligible fulltime Police management employees:
1. Upon completion of five (5) years of fulltime service with the City – three (3) range points (e.g., six [6] half-point increments).
2. Upon completion of ten (10) years of fulltime service with the City – six (6) range points (e.g., twelve [12] half-point increments).
3. Upon completion of fifteen (15) years of fulltime service with the City – nine (9) range points (e.g., eighteen [18] half-point increments).
4. Upon completion of twenty (20) years of fulltime service with the City – twelve (12) range points (e.g., twenty-four [24] half-point increments).
5. Upon completion of twenty five (25) years of fulltime service with the City – fifteen (15) range points (e.g., thirty [30] half-point increments).
6. In computing the overall pay range for a unit employee, the total number of range points included in base salary, any assignment or acting pay, longevity, and POST Certificate pay are collectively summed together to create a salary range with a corresponding pay rate located in Appendix One. These amounts are all included as PERSable compensation.
Longevity Pay Program. At completion of fifteen (15) years of service - 5.0% At completion of twenty (20) years of service - 6.25%
Longevity Pay Program. 4.7.1 Effective with the first pay period in July, 2010, employees shall be eligible for the longevity pay program described in 4.7.3. Until July, 2010, employees hired before July 1, 1981 are eligible for the longevity pay program described in 4.7.2.
4.7.2 Employees to whom a longevity pay plan is applicable shall be eligible for advancement to the "L1" step of their salary range on their salary anniversary date after five (5) years continuous service rendered at "E/5" step. Such employees shall be eligible for advancement to the "L2" step of their salary range on their salary anniversary date after five (5) years continuous service rendered at "L1" step.
4.7.3 Employees in the bargaining unit shall be eligible for a two and one-half percent (2.5%) increase in salary after ten (10) years of service to the county, provided the last annual performance evaluation was overall satisfactory or above. Employees in the bargaining unit shall be eligible for an additional two and one-half percent (2.5%) increase in salary for a total of five percent (5%) after fifteen (15) years of service to the county, provided the last annual performance evaluation was overall satisfactory or above. Employees in the bargaining unit shall be eligible for an additional two and one-half percent (2.5%) increase in salary for a total of seven and one-half percent (7.5%) after twenty (20) years of service to the county, provided the last annual performance evaluation was overall satisfactory or above.
Longevity Pay Program. The City provides the following retention incentive plan for all eligible full-time Police Management employees:
1. Upon completion of five (5) years of full-time service with the City – three percent (3%)
2. Upon completion of ten (10) years of full-time service with the City – six percent (6%)
3. Upon completion of fifteen (15) years of full-time service with the City – nine percent (9%)
4. Upon completion of twenty (20) years of full-time service with the City – twelve percent (12%)
5. Upon completion of twenty five (25) years of full-time service with the City – fifteen percent (15%)
Longevity Pay Program. Effective with the first pay period in July, 2010, employees shall be eligible for the longevity pay program described in 4.