Longevity Step Increase Clause Samples
A Longevity Step Increase clause establishes a mechanism for increasing payments or benefits based on the length of time a party, such as an employee or annuitant, remains in a particular role or contract. Typically, this clause specifies predetermined intervals—such as every five years—at which compensation or benefits are adjusted upward to reflect continued service or survival. Its core practical function is to reward long-term commitment and incentivize retention, while also ensuring that compensation remains fair and competitive over time.
Longevity Step Increase. At the completion of the 19th year of full-time service, a faculty member will receive a two percent (2%) longevity increase.
Longevity Step Increase. The longevity credit shall include only continuous police service. However, employees who have been credited with total University service previously shall retain their service credit. Longevity step increases shall become effective the first day of the payroll period in which the completion of the time requirement occurs.