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ARTICLE 12 - LONGEVITY AND COLLEGE INCENTIVE <br /> 12.1 General. <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 have the option of <br /> receiving either one, but not both of the following: <br /> LONGEVITY <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 5.5%per month additional <br /> After the completion of 16 years 7.0%per month additional <br /> After the completion of 20 years 9.0%per month additional <br /> After the completion of 24 years 11.0%per month additional <br /> After the completion of 28 years 13.0%per month additional <br /> COLLEGE INCENTIVE <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 /> 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. A joint <br /> committee of the Association and the City will approve the transcripts and reports <br /> and approve credits to be assigned for college incentive pay. A report of this <br /> committee shall be placed in each officer's personnel file. <br /> 12.1.3 College incentive pay may not be received during the initial twelve (12) month <br /> probationary period. <br /> 12.2 Calculation. <br /> 12.2.1 Longevity or college incentive pay will be calculated on the base pay of a First <br /> Class Police Officer and added to the base pay of those positions contained in <br /> Article 12. <br /> EVERETT POLICE OFFICERS ASSOCIATION <br /> PAGE 17 <br />