Employees shall receive compensation based upon their years of service according to the following schedule:
(A) The employee shall be entitled to receive $50 for each year of service over 5 years. This amount shall be paid in a lump sum the first payday after the first full pay period after January 1. The maximum amount paid under this section shall not exceed $1,250.
(B) The longevity amount shall be due any employee who has obtained 5½ years or service by January 1st. Years of service shall be based upon the years credited in the employee's respective retirement plan.
(Ord. 15-11-032, passed 12-28-2015; Am. Ord. 16-03-008, passed 3-14-2016; Am. Ord. 19-12-078, passed 12-23-2019; Am. Ord. 20-11-070, passed 12-28-2020; Am. Ord. 21-10-051, passed 11-22-2021; Am. Ord. 23-11-068, passed 11-27-2023)