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Each additional year of service will result in a $600 increase per year to a
maximum of $15,000. However, employees in the following categories
will receive the amount specified if that amount exceeds that which would
be otherwise payable:
One year of service, but 4 Weeks of Base Pay
less than three years of
service.
Three years of service, but 6 Weeks of Base Pay
less than five years of
service.
Five years of service, but 8 Weeks of Base Pay
less than ten years of
service.
Ten years of service, but 10 Weeks of Base Pay
less than fifteen years of
service.
Fifteen years of service, but 12 Weeks of Base Pay
less than twenty years of
service.
Twenty or more years 14 Weeks of Base Pay
of service.
b. Affected employees 50 years of age or over may choose the schedule
in (a) above or the following at their option:
• employees with 10 years of service, but less than 15 are eligible to
receive 20 percent of base annual salary;
• employees with 15 years of service, but less than 20 are eligible to
receive 30 percent of base annual salary;
• employees with 20 years of service, but less than 25 are eligible to
receive 40 percent of base annual salary;
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