Section VI - Employment Matters
VI D 7
Benefits - Longevity Pay
To explain the longevity pay plan for college personnel
Permanent full-time employees of the College shall receive longevity pay if the employee meets the requirement of aggregate service time. Annual longevity pay amounts are based on the length of aggregate service to the State of North Carolina. Longevity pay amounts are computed by multiplying the employee's annual base salary rate as of the eligibility date by the appropriate percentage rounded to the nearest dollar in accordance with the following table.
|
Years of Aggregate State Service |
Longevity Pay Rate |
|
10 but less than 15 years |
1.5% |
|
15 but less than 20 years |
2.25% |
|
20 but less than 25 years |
3.25% |
|
25 or more year |
4.5% |
Longevity pay is not considered part of the annual base or contract pay nor is it to be represented in personnel and payroll records as a part of annual base salary. During the employment process, the Business Office establishes a longevity date. Longevity pay is automatic when the aggregate service time is met and will be paid annually in the month established.
Adopted: 04/15/1999