Full-time employees are eligible to receive longevity pay after accruing at least three years of service credit. This requirement translates to a minimum of 36 months of continuous service.
Eligibility for Longevity Pay
Longevity pay is a benefit extended to employees to acknowledge and reward their sustained commitment and continuous service to an organization. To qualify for this additional compensation, employees must satisfy specific criteria primarily related to their employment status and the duration of their service.
Key Requirements for Longevity Pay Eligibility
To be entitled to longevity pay for a given month, employees must fulfill the following conditions:
| Requirement | Description |
|---|---|
| Employment Status | The individual must be a full-time employee. |
| Leave Status | The employee must not be on leave without pay (LWOP) on the first workday of the month for which the pay is accrued. |
| Service Credit | The employee must have accrued at least three years (36 months) of service credit by the end of the preceding month. |
Understanding Service Credit
Service credit is the cumulative time an employee has worked for the organization, measured in months and years. For longevity pay, the critical threshold is 36 months, which precisely equals three years. This credit typically accumulates with each full month of employment.
Example: An employee who began full-time service on January 15, 2021, would accrue their 36th month of service credit by January 31, 2024. This would make them eligible to receive longevity pay starting February 2024, provided they meet all other stipulated conditions, such as not being on leave without pay on the first workday of February.
Longevity pay serves as a recognition of an employee's dedication and valuable contribution over an extended period, encouraging long-term retention and commitment within the workforce.
