(a) It shall be the duty of the Borough Secretary to prepare, as of January 1 of each year, or more frequently if Council so directs, a schedule listing the names of the persons currently being compensated by the Borough, indicating the positions held, the dates hired or appointed, the base pay as last fixed by Council, the tenure units, if any, which such persons may have earned for each period of five years they have served the Borough continuously in any capacity, as full time employees or appointees, the resulting increments of compensation to which they are entitled, and the totals arrived at by adding such increments to the base pay last fixed by Council.
(b) Tenure units and increments shall be computed as follows:
(1) If a person has acquired one tenure unit, his or her current base pay shall be increased by two percent; if two tenure units, four percent; if three tenure units, six percent; if four tenure units, eight percent; if five tenure units, ten percent.
(2) No further increase in compensation shall be granted in consequence of tenure units beyond the said ten percent.
(3) Where a tenure unit is acquired subsequent to January 1, 1990, it shall take effect with the day following such acquisition, and the pay of the person entitled shall be proportionately adjusted.
(Ord. 662. Passed 12-11-69.)