Longevity Pay
Rate of Longevity Pay and Chart
Rate of Longevity Pay (for Other Than Return-to-Work Retirees)
Longevity pay is paid at the rate of $20 every month for every 24 months of lifetime service credit.
The amount increases on the first of the month following the month the lifetime service accrual reaches a new multiple of 24 months.
A month begins on the same day each month as the effective service date and ends on the day before that day during the next month.
The maximum amount an employee can be paid is $420 per month for 504 months of lifetime service credit.
Effective service date: | Aug. 5, 2009 |
---|---|
Lifetime service credit as of Aug. 5, 2011: | 24 months |
Amount of longevity paid on Oct. 1, 2011: | $20 for the September pay period |
Longevity Pay Chart
The chart below shows the monthly amount of longevity to be paid to eligible employees:
At least | But less than | Amount of longevity per month |
---|---|---|
24 months | 48 months | $20 |
48 months | 72 months | $40 |
72 months | 96 months | $60 |
96 months | 120 months | $80 |
120 months | 144 months | $100 |
144 months | 168 months | $120 |
168 months | 192 months | $140 |
192 months | 216 months | $160 |
216 months | 240 months | $180 |
240 months | 264 months | $200 |
264 months | 288 months | $220 |
288 months | 312 months | $240 |
312 months | 336 months | $260 |
336 months | 360 months | $280 |
360 months | 384 months | $300 |
384 months | 408 months | $320 |
408 months | 432 months | $340 |
432 months | 456 months | $360 |
456 months | 480 months | $380 |
480 months | 504 months | $400 |
504 months | No limit | $420 |
Source
Texas Government Code, Chapter 74 (Section 74.041), Chapter 659 and Subchapter D (Sections 659.041 through 659.047) and Chapter 837 (Section 837.103).