LONGEVITY PLAN Sample Clauses

LONGEVITY PLAN. Long Service employees shall be compensated in the following manner:
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LONGEVITY PLAN. A. All policemen hired before January 1, 1995 upon completion of five (5) years continuous employment service, receive a salary or wage stability increase computed at the rate of two (2%) percent of such employee's base pay; thereafter such employee shall receive an annual salary or wage stability increases as follows: After completion of 5 years 2% After completion of 6 years 2% After completion of 7 years 2% After completion of 8 years 3% After completion of 9 years 3% After completion of 10 years 4% After completion of 11 years 4% After completion of 12 years 4% After completion of 13 years 5% After completion of 14 years 5% After completion of 15 years 6% After completion of 16 years 6% After completion of 17 years 6% After completion of 18 years 6% After completion of 19 years and beyond 7%
LONGEVITY PLAN. All permanent full-time and permanent part-time employees shall receive longevity pay calculated to the nearest dollar, subject to the following schedule and terms and conditions:
LONGEVITY PLAN. Beginning at the end of the 2016-2017 School Year, USD 220 will provide an annual annuity per certified staff member for each year of employment. This will be a deferred compensation plan that incorporates a 50% vested amount at the completion of the employeesfifth year of employment. The employee will gain 10% per year thereafter, becoming 100% vested at the end of year 10.  Current 2016-2017 USD 220 certified employees who have completed five years or more of service will be vested at the corresponding level.  USD 220 retains possession of all funds until the qualifying employee leaves the district.  Funds accumulated when employees leave the district prior to reaching any vested rights remain USD 220 funds.  A private financial provider will maintain all funds on behalf of USD 220.  Annual deposits will be made by June 30 of each corresponding school year.  The employee will have the ability to provide matching funds as established by the service provider, MidAmercia.  There will be no limit to the “Years of Servicean employee can accumulate within the longevity plan. USD 220 - Years of Service Chart Years of Employment Annuity Vested % Years of Employment Annuity Vested % 1 $500 0% 11 $1,000 100% 2 $500 0% 12 $1,000 100% 3 $500 0% 13 $1,000 100% 4 $500 0% 14 $1,000 100% 5 $500 ($2,500) 50% 15 $1,000 ($11,400) 100% 6 $600 60% 16 $1,000 100% 7 $700 70% 17 $1,000 100% 8 $800 80% 18 $1,000 100% 9 $900 90% 19 $1,000 100% 10 $1,000 ($6,400) 100% 20 $1,000 ($16,400) 100%
LONGEVITY PLAN. Each teacher who retires from the Whitewater Public School Faculty after thirty years of service in education and at least five years in consecutive service in the Whitewater Public School will receive an extra increment at the end of that year.
LONGEVITY PLAN. Section 1. All regular full-time employees, having completed four (4) years of continuous, regular, compensated employment prior to December 1, shall be eligible to receive a longevity bonus for service with the EMPLOYER. A year is defined as December 1 through the following November 30. Payments to employees who become eligible to receive a longevity bonus prior to December 1 of any year, shall be paid the first regular work day of December. The following will not affect eligibility during the initial four (4) year eligibility period only: ten (10) days or less of authorized unpaid leave and/or thirty (30) days or less of unpaid sick leave, including workers' compensation, each year. Employees must have completed continuous full-time employment equal to that required for original eligibility, as stated above, plus one (1) additional year of continuous, regular, EMPLOYER compensated full-time employment to be eligible for each additional annual payment. After the four (4) year eligibility period, employees whose employment terminates before December 1 because of service or disability retirement shall be paid a prorated bonus when they retire, based on the number of calendar months of full-time active employment credited to them from the preceding December 1st to the date of cessation of their active employment. All other employees whose employment terminates for other reasons prior to December 1 shall not be eligible to receive a longevity bonus. After the four (4) year eligibility period, as stated above, employees on an authorized unpaid leave of absence, as permitted under this contract, during the twelve (12) month eligibility period for a longevity bonus other than their initial longevity bonus, shall receive a prorated payment based on the number of complete months he/she received full EMPLOYER compensation (excludes worker's compensation), provided that the employee is eligible and receives a longevity payment the following year. Under such circumstances, the employee shall receive a retroactive prorata payment at the rate it was earned. The above limitation shall not be applicable to authorized leaves of absence which do not exceed in total thirty (30) days in a year. For example, if an employee is granted a fifteen (15) day leave one month and a fifteen (15) day authorized leave another month, and is otherwise eligible, he/she shall not lose any longevity payment. Employees on unpaid leave of absence due to illness during the 12-month eligibility ...
LONGEVITY PLAN. 20.1 Each full-time member of the bargaining unit shall receive longevity compensation as follows:
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LONGEVITY PLAN. Section 1.
LONGEVITY PLAN. For fiscal year 2000/2001 (October 1, 2000 through September 30, 2001), bargaining unit members who have completed the required years of continuous service as of, or on October 1, 2000, will receive a Gross Lump Sum longevity payment, within three (3) pay periods of signing this new Labor Agreement, based on the following years of service: 15 -19 years: $ 750 20-24 years: $ 1,000 25 years and over: $ 1,250 E. Effective October 1,1993, EMT incentive pay for bargaining unit members in Fire related classifications will no longer be considered as a pay adjustment in addition to straight time base rate of pay, but rather will be considered to be incorporated into straight time base rate of pay. Bargaining unit employees in Fire related classifications who currently possess a valid Florida State EMT certification, and who are employed as of the signing of the agreement, must maintain an EMT in order to continue receiving the related compensation. This section shall not apply to Firefighter/PMs hired after the signing of the Agreement. Bargaining unit employees in Fire related classifications employed as of the signing of the agreement and who do not, as a minimum, hold a Florida State EMT certification, shall make their intentions known to the County in writing within thirty (30) calendar days from the signing of this Agreement of their desire or lack thereof in obtaining EMT certification within the term of this Agreement. Non-EMT bargaining unit employees in Fire related classifications must select one of the options (1,2, or 3) listed below and specify that option in the writing to the County:
LONGEVITY PLAN. A. The following longevity plan is in effect: $2.77 bi-weekly after 5 years of service. $5.54 bi-weekly after 10 years of service. $9.23 bi-weekly after 15 years of service. $12.92 bi-weekly after 20 years of service.
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