Skip to main content

Additional Contract resources: Hows does Longevity work?

1. Longevity is tied to total years of service in Newark only and doesn't have to be consecutive.

2. It's not tied to steps

3. You would start getting your first longevity at the start of your 15th year.

4. If someone was about to get longevity, and the contract froze...they will get it in their retro

5. Longevity is added to salary every year...not divided over the years.

6.  Second longevity REPLACES first longevity when you reach your 20th year

7. Third and fourth longevity is ADDED TO second longevity.

=======================

An Example (the salaries here are made up for demonstrative purposes)

Say your salary is 50,000.  Once you hit 15 years, your salary becomes 52,025.  From 15 to 19 years, you would always make your salary plus the 2,025.  Again just making up numbers, but assuming your base salary goes up 1000 a year you would get

Year 15: 52,025 (50000)
Year 16: 53,025 (51000)
Year 17: 54,025 (52000)
Year 18: 55,025 (53000)
Year 19: 56,025 (54000)

At Year 20, your longevity switches to 3775. 

Year 20: 58775 (55000)
Year 21: 59775 (56000)
Year 22: 60775 (57000)
Year 23: 61775 (58000)
Year 24: 62775 (59000)

Starting in Year 25, you get both the 20 year longevity of 3775 AND the 25 year longevity of another 3775

Year 25: 67550 (60000)
Year 26: 68550 (61000)
Year 27: 69550 (62000)
Year 28: 70550 (63000)
Year 29 71550 (64000)

Starting Year 30, you get 20 year, 25 year, and another 1400 for 30

Year 30: 73950 (65000)



Share This