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<br /> <br /> <br />EVERETT POLICE OFFICERS ASSOCIATION <br />PAGE 18 <br /> <br />ARTICLE 12 - LONGEVITY AND COLLEGE INCENTIVE <br /> <br /> <br />12.1 General. <br /> <br />12.1.1 The City is favorable toward the principle and approves of longevity pay and <br />college incentive pay as part of its salary budget. Officers shall receive the <br />highest of either longevity pay or college incentive pay, and fifty percent (50%) of <br />the lowest of either longevity pay or college incentive pay up to a maximum of <br />fifteen percent (15.0%). The longevity and college incentives are set forth, as <br />follows: <br /> <br />LONGEVITY <br /> <br />After the completion of 4 years 2.0% per month additional <br />After the completion of 8 years 3.5% per month additional <br />After the completion of 12 years 6.5% per month additional <br />After the completion of 16 years 8.0% per month additional <br />After the completion of 20 years 10.0% per month additional <br />After the completion of 24 years 12.0% per month additional <br />After the completion of 28 years 14.0% per month additional <br /> <br />For employees hired prior to January 1, 2026, the following college incentives <br />will apply: <br /> <br />COLLEGE INCENTIVE <br /> <br />45 credits (one year) 2.0% per month additional <br />90 credits (two years) 3.5% per month additional <br />135 credits (three years) 5.5% per month additional <br />B.A. or B.S. Degree 7.0% per month additional <br />Master's Degree 9.0% per month additional <br />Ph.D. or Doctorate 11.0% per month additional <br /> <br />For employees hired after January 1, 2026, the following college incentives will <br />apply: <br /> <br />COLLEGE INCENTIVE <br /> <br />A.A. or A.S. Degree 3.5% per month additional <br />B.A. or B.S. Degree 7.0% per month additional <br />Master's Degree 9.0% per month additional <br /> Ph.D. or Doctorate 11.0% per month additional <br /> <br />12.1.2 College incentive pay will be based on transcripts or other reports from accredited <br />colleges, universities or approved training schools provided by the officer. <br />Human Resources will approve the transcripts and credits to be assigned for <br />college incentive pay. If the transcripts are not approved, Human Resources will