LONGEVITY PLAN Clause Samples
The Longevity Plan clause outlines provisions for ensuring the long-term sustainability and continued operation of a project, service, or agreement. Typically, this clause details the measures, funding, or strategies that will be implemented to maintain the subject matter over an extended period, such as setting aside reserves, establishing maintenance schedules, or requiring periodic reviews. Its core practical function is to address concerns about durability and ongoing support, thereby providing assurance to all parties that the benefits or obligations of the agreement will be preserved well into the future.
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LONGEVITY PLAN. A longevity stipend shall be issued by July 30 for employees who complete full school years of continuous employment with Shore at the levels below any approved paid or unpaid leave provided by statute or shore policy will not be considered an interruption in service. After 5 years of service = $300.00 After 10 years of service = $600.00 After 15 years of service = $800.00 After 20 years of service = $1,000
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. 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. Long Service employees shall be compensated in the following manner:
1. After ten (10) calendar years service, add $60.00 per month to employee's base monthly salary.
2. After fifteen (15) calendar years service, add $70.00 per month to employee's base monthly salary.
3. After twenty (20) calendar years service, add $80.00 per month to employee's base monthly salary.
4. After twenty-five (25) calendar year’s service, add $90.00per month to employee's base monthly salary.
5. After thirty (30) calendar years service, add $100.00 per month to employee’s base monthly salary.
6. After thirty-five (35) calendar years of service, add $110.00 per month to employee’s base monthly salary.
7. After forty (40) calendar years of service, add $120.00 per month to employee’s base monthly salary.
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 employees’ fifth 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 Service” an employee can accumulate within the longevity plan. 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% 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%
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 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:
1. Desire to obtain EMT certification: Bargaining unit employees in Fire related classifications shall receive a one-time gross cash payment equal to five percent (5%) of their straight time base rate of pay less applicable taxes, upon receipt of a Florida State EMT certification. Employees selecting this Option 1 shall be personally responsible for obtaining their EMT certification on their own time and without additional compensation from the County. Article 47 Educational Reimbursement however, shall apply.
LONGEVITY PLAN. 20.1 Effective on or after July 1, 1998, each full-time member of the bargaining unit shall receive longevity compensation as follows:
A. Upon completion of five (5) years of continuous service a sum of one hundred dollars ($100.00) shall be added to his/her pay once a year and once each year thereafter through the ninth (9th) year of continuous service he/she shall receive a longevity payment of one hundred dollars ($100.00).
B. Upon completion of ten (10) years of continuous service a sum of five hundred dollars ($500.00) shall be added to his/her pay once a year and once each year thereafter through the fourteenth year of continuous service he/she shall receive a longevity payment of five hundred dollars ($500.00).
C. Upon completion of fifteen (15) years of continuous service a sum of six hundred dollars ($600.00) shall be added to his/her pay once a year and once each year thereafter through the nineteenth year of continuous service he shall receive a longevity payment of six hundred dollars ($600.00).
D. Upon completion of twenty (20) years of continuous service a sum of seven hundred dollars ($700.00) shall be added to his/her pay once a year and once each year thereafter through the twenty-fourth year of continuous service he/she shall receive a longevity payment of seven hundred dollars ($700.00).
E. Upon completion of twenty-five (25) years of continuous service a sum of eight hundred dollars ($800.00) shall be added to his/her pay once a years and once each year thereafter he/she shall receive a longevity payment of eight hundred dollars ($800.00). In case a temporary employee becomes a regular employee with no break in service, for purposes of this Article, his/her date of employment shall be the date of first employment as a temporary employee. When a part-time employee becomes a full-time employee with no break in service, the date of service for the purpose of this Article shall be the date of first employment as a part-time employee. Full-time employees are those who work regularly at least forty (40) hours per week. Leave without pay (suspension, leave of absence, and so forth) shall be deducted from creditable service. Time while on Workers’ Compensation will be counted as creditable service. Part-time employees working fifty-two (52) weeks per year and twenty (20) to thirty-nine (39) hours per week, shall be eligible for longevity payment in accordance with the following schedule:
20.2 Payment of longevity Compensation shall be made on a...
LONGEVITY PLAN. A. All policemen hired before January 1, 1995 upon completion of five (5) years continuous employment service, shall 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 five (5) years 2% After completion of six (6) years 2% After completion of seven (7) years 2% After completion of eight (8) years 3% After completion of nine (9) years 3% After completion of ten (10) years 4% After completion of eleven (11) years 4% After completion of twelve (12) years 4% After completion of thirteen (13) years 5% After completion of fourteen (14) years 5% After completion of fifteen (15) years 6% After completion of sixteen (16) years 6% After completion of seventeen (17) years 6% After completion of eighteen (18) years 6% After completion of nineteen (19) years and beyond 7%
B. Such salary or wage stability payments shall be provided in each pay period where applicable.
C. All officers employed subsequent to January 1, 1995 shall upon ten (10) years of continuous employment receive a salary or wage stability increase computed at three (3%) percent of the employee's base pay. After twenty (20) years of continuous employment, the officer shall receive a salary or wage stability increase computed at six (6%) percent of the employee's base pay.
LONGEVITY PLAN. 1. For fiscal year 1997/98 (October 1, 1997 - September 30, 1998), bargaining unit members who have completed the required years of continuous service as of, or on October 1, 1997, 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
2. For fiscal year 1998/99 (October 1, 1998 - September 30, 1999), bargaining unit members who have completed the required years of continuous service as of, or on October 1, 1998, will receive a Gross Lump Sum longevity payment, the first full pay period in December of 1998, based on the following years of service: 15 -19 years: $ 750 20-24 years: $ 1,000 25 years and over: $ 1,250
3. For fiscal year 1999/2000 (October 1, 1999 - September 30, 2000), bargaining unit members who have completed the required years of continuous service as of, or on October 1, 1999, will receive a Gross Lump Sum longevity payment, the first full pay period in December of 1999, based on the following years of service: 15 -19 years: $ 750 20-24 years: $ 1,000 25 years and over: $ 1,250 G. 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:
1. Desire to obtain EMT certification: Bargaining unit employees in Fire related classifications shall receive a ...
LONGEVITY PLAN. Section 1.