: additional wages or other compensation given on the basis of length of service.

How is longevity pay calculated?

Annual bonus payment computed by multiplying $50 X number of years of service not to exceed 25 years.

How often do you get longevity pay?

Increases in pay may be given annually; they're also awarded when employees reach significant employment anniversaries. A longevity raise differs from a merit raise in that a longevity raise is based solely on length of service, while a merit raise is designed to recognize superior job performance.