Longevity Allowance Clause Samples
A Longevity Allowance clause provides additional compensation or benefits to individuals based on their length of service or continued association with an organization. Typically, this clause outlines eligibility criteria, such as a minimum number of years worked, and specifies the form and amount of the allowance, which may be a bonus, salary increment, or other reward. Its core function is to incentivize long-term commitment and reward loyalty, helping organizations retain experienced personnel and reduce turnover.
Longevity Allowance. All full-time employees of the City of West Allis 11 Fire Department shall be paid a longevity allowance in addition to their basic salaries, said 12 allowance to consist of Five Dollars ($5.00) per month for every five (5) years of consecutive 13 service with the City, with a maximum allowance of Twenty-five Dollars ($25.00) per month.1 14 Full-time employment by the City, in any classification, shall be used in computing the longevity 15 allowance.
Longevity Allowance. 1. A longevity payment of $400 will be paid annually to teachers with twenty (20) or more years of experience in the Bloomfield schools. Teachers who complete twenty (20) years of service in Bloomfield will receive their initial payment in June of the 20th year. Subsequent payments will be applied to each paycheck. Teachers hired after July 1, 2018 shall not be eligible for this benefit.
Longevity Allowance. Employees shall be eligible for longevity allowance in accordance with Section 2-18-304, MCA.
Longevity Allowance. Longevity allowances shall be payable on the first payday following the anniversary of the employee.
Longevity Allowance. There shall also be added to the base salary of all full time employees hired prior to May 1, 2019, a longevity allowance of two percent (2%) for each three (3) years of service from date of appointment, said allowance not to exceed a ten percent (10%) maximum. There shall be added to the base salary of all full time employees hired after May 1, 2019, a longevity allowance of two percent (2%) for each three (3) years of service occurring subsequent to the third anniversary date of their hire, said allowance not to exceed a ten percent (10%) maximum. Such longevity allowances shall be calculated to encompass all actual time of continuous, uninterrupted service to the Department. Should an employee be laid off, time spent in a laid off status will not count for purposes of longevity, but should the employee then be recalled, the lay off will not be deemed an interruption of service for purposes of this section.
Longevity Allowance. The payments designated below shall be made annually to teachers whose seniority service as a teacher in the district has reached the designated number of years by the last day of the school year. Time on unpaid leave shall not constitute a break in service but shall not be counted for the purpose of this payment. The teacher must have been employed through the final day of the school year; no proration of this benefit will be made. Payment is made on the second pay in June. LEA members who qualify to receive longevity payments on the schedule below by June 30, 2017 will remain on the stated longevity payment schedule until retirement/resignation from the Distrtict. 15 school years $1,519.00 20 school years $1,716.00 25 school years $1,913.00 30 school years $2,110.00 For any LEA member who does not qualify for longevity as of June 30, 2017, longevity payments will be made on the following schedule. 20 School Years = $1,000 25 School Years = $1,500 30 School Years = $2,000
Longevity Allowance. In addition to the compensation determined in
Longevity Allowance. Beginning School Year 2015-16 employees will no longer receive the longevity allowance. Employees who were receiving longevity allowances as of July 1, 2015 will be credited with additional steps corresponding to their longevity allowance when placed on the salary schedule. $1,000 1 step $1,250 2 steps $1,750 3 steps
Longevity Allowance. 14.1 In addition to the monthly pay prescribed herein, any employee who has been continuously employed by the City in the Fire Department for a number of qualified pay periods, the total of which is not less than eight (8) years, shall receive from and after the beginning of the next pay period following completion of his/her eighth year of service, a monthly longevity award equal to four percent (4%) of his/her basic monthly pay, and any employee who has been continuously employed by the City in the Fire Department for a number of qualified pay periods, the total of which is not less than sixteen (16) years, shall receive from and after the beginning of the next pay period an additional monthly longevity award equal to four percent (4%) of his/her basic monthly pay.
14.2 Such longevity award shall be computed to the nearest dollar per month.
Longevity Allowance. A. Each full-time employee covered under this agreement shall receive a longevity allowance as follows:
1. After ten (10) years of continuous service to the college, a lump sum payment of Five Hundred ($500.00) Dollars annually.
2. After fifteen (15) years of continuous service to the college, a lump sum payment of Six Hundred ($600.00) Dollars annually.
3. After twenty (20) years of continuous service to the college, a lump sum payment of Seven Hundred ($700.00) Dollars annually.
B. The initial payment will be made in one lump sum in December if the employee's anniversary date falls on or before July 1 of a given calendar year. If the employee's anniversary date is after July 1 of a given year, the initial longevity payment will be made in December of the following year. After the initial longevity payment has been received, the payments will be made in December of each year thereafter. Payment will only be made to individuals in the Unit and active on the payroll as of the date of payment.
C. If an employee is eligible for longevity, he/she shall be paid the amount earned regardless of leave status (including being on long-term disability) except that employees who have been in an unpaid status for one or more years as of November 30 will not receive the annual longevity payment. Eligibility for longevity ends upon separation from employment.
D. Less than full-time employees are not entitled to receive longevity pay. If the less than full-time employee becomes full-time, the total hours accumulated while working as a less than full-time employee would be counted as service credit in determining eligibility for longevity. Each 2080 hours worked as a less than full-time employee shall be counted as a year of service when determining eligibility.