Common use of Longevity Payments Clause in Contracts

Longevity Payments. Longevity payments will be made annually to staff members with 21 or more years of service. Payments will be made on 2nd June payment. Longevity pay does not impact Extended Time or Severance Pay. Taxes and employee retirement cost will be deducted. The Board will pay the normal portion of STRS cost. Staff members employed by the Board prior to September 1, 2008 shall receive years on the longevity payment schedule for recognized STRS service for actual teaching experience at any accredited public and accredited/chartered parochial/private school, including up to 5 years of full-time military service plus granted STRS disability time. Teachers are responsible for providing the Board with STRS documentation to verify longevity placement. Staff members employed by the Board after September 1, 2008 shall only receive years on the longevity payment schedule for years teaching in the Fort Loramie Local School District under a regular contract. Experience substituting in the District, experience in a classified position in the District, or experience in a supplemental position in the District shall not count toward longevity payments. Longevity shall be calculated by multiplying the following percentage times the base rate. Beginning with the member’s 21st year of service, the percentage shall be 1.00%. Beginning with the member’s 26th year of service, the percentage shall be 2.00%. Beginning with the member’s 31st year of service, the percentage shall be 3.00%