4.3 ERMUSR 06-03-2025 - Laserfiche WebLink

Home Browse Search

41 June 2025 236096v1 Regular full-time and regular part-time Employees are eligible for a Longevity Bonus when they qualify as set forth in this Section. Regular full-time employees are eligible to receive a Longevity Bonus once each time they qualify by reaching a milestone anniversary date in accordance with the following schedule: Milestone: Years of Service Longevity Pay Amount 8 years $1,550 12 years $2,025 16 years $2,100 20 years $2,125 24 years $2,300 28 years $3,000 32 years $3,000 Regular part-time employees are eligible to receive a Longevity Bonus once each time they qualify by reaching a milestone anniversary date in accordance with the following schedule: Milestone: Hours of Service Longevity Bonus Amount 16,640 $1,550 24,960 $2,025 33,280 $2,100 41,600 $2,125 49,920 $2,300 58,240 $3,000 66,560 $3,000 A Longevity Bonus is paid in one lump sum within 60 days of the anniversary date on which the Employee reaches the relevant milestone. Qualifying Employees who are eligible for a Longevity Bonus will be invited to the monthly Commission meeting in the month of their anniversary date, where the Commission Chair and the Employee’s manager will present the Longevity Bonus paycheck to the Employee(s). Because longevity pay is considered supplemental income by the Internal Revenue Service, 22% will be withheld in taxes from the employee’s longevity pay during check processing. 35. PAYCHECK DEDUCTIONS By law, the Utilities is required to withhold federal and state taxes, FICA and PERA from an employee’s pay. The Utilities also has a Health Care Savings Plan with mandatory participation and will withhold applicable amounts from an employee’s pay. In addition, other deductions may be made upon authorization of a participating employee including the following: 108