Common use of Longevity Step Clause in Contracts

Longevity Step. After funding all other continuing costs as defined in Appendix A, including a minimum of continuing salary schedule improvements for all unit members equal to the state funded COLA, any remaining funds will be used to implement a one percent (1%) longevity increment for unit members who achieve or have achieved twenty-five (25) years of service or more. If the remaining funds are not sufficient to fully fund the increment, the funds will be set aside and combined with any residual funds as defined above in the year(s) following until such time as sufficient funds are available for implementation. The increment will be effective in the year that the total amount needed is available and will be retroactive to either July 1 or the date the employee achieves the increment. The set aside funds will be distributed as one-time only until implementation occurs.