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  2. Board Of Aldermen - Agenda - 11/26/2019 - P63

Board Of Aldermen - Agenda - 11/26/2019 - P63

By dnadmin on Sun, 11/06/2022 - 22:32
Document Date
Fri, 11/22/2019 - 13:45
Meeting Description
Board Of Aldermen
Document Type
Agenda
Meeting Date
Tue, 11/26/2019 - 00:00
Page Number
63
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_a__112620…

h | * amount of worked.

10th through 14th anniversaries $500.00
15th through 19th anniversaries $ 700.00
20th lon nniversar' $1,000.00

4. ifthe empl i n id leave of n

Longevity payments received by employees shall be added to their total annual wages for computation of
overtime rates and paid in accordance with the requlations of the Fair Labor Standards Act.

lf emplovees retire, longevity payments will be prorated by month based on the actual lenath of service.
Employees must work at least 15 calendar days in any month to receive credit for that month.

Two weeks prior to the employee's anniversary date, the employee can request that this longevity payment
be deposited into a 457 Retirement Plan. provided rae the emolouse has a 457 Retirement Plan set up

52

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Board Of Aldermen - Agenda - 11/26/2019 - P63

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