(A) A full-time employee of the Town of Monon shall receive, in addition to his/her regular salary, longevity pay as determined by the following schedule.
(1) After two full consecutive calendar years of employment, a $100 bonus will be paid as a stipend.
(2) After three, four and five years of consecutive employment, an additional $50 will be added each year cumulatively.
(3) After six through ten consecutive full calendar years of employment a $100 bonus will be added cumulatively each year.
(4) After ten through 15 consecutive full calendar years of employment a $150 bonus will be added each year cumulatively.
(5) At 15 years of consecutive employment, the bonus will be frozen thereafter at $1,500 per year.
(B)
The following longevity pay chart shall illustrate the longevity pay for consecutive years of completed years of service.
2024 S2
Personnel 44A
COMPLETED YEARS OF SERVICE | LONGEVITY PAID THE ENSUING YEAR |
1 | $0 |
2 | $100 |
3 | $150 |
4 | $200 |
5 | $250 |
6 | $350 |
7 | $450 |
8 | $550 |
9 | $650 |
10 | $750 |
11 | $900 |
12 | $1,050 |
13 | $1,200 |
14 | $1,350 |
15 | $1,500 |
(C) Longevity pay will be paid to the employee on the first pay of the year. Longevity pay is not included in the calculation of overtime.
(Ord. 2022-13, passed 12-21-2022)