All permanent full-time employees, in addition to their regular compensation, shall receive longevity pay as follows: On December 1 following the completion of five years of service, each employee shall receive $350 longevity pay. This sum shall be increased by $70 per year, payable on December 1 of each year, up to a maximum of $1,750 after 25 years' service. Thereafter each employee with such service shall receive $1,750 longevity pay on December 1 of each year. If an employee resigns, retires or dies before December 1 of any year, his longevity pay shall be prorated for the calendar year in which he or she resigns, retires or dies. For employees subject to the Fair Labor Standards Act an annual overtime pay adjustment will be made to reflect inclusion of longevity pay in the regular hourly rate of such employees to the extent required by the Fair Labor Standards Act. The amount of the adjustment, if any, shall be paid at the time of the last regular pay in December.
(Ord. 54-1987, passed 5-20-87; Am. Ord. 36-1995, passed 6-7-95; Am. Ord. 21-1999, passed 4-21-99)