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Orange County ABC Board Policy and Procedure Manual <br /> Employee Retention Benefit <br /> The Employee Retention Benefit is intended to reward employees for continued loyal <br /> employment with the board and is based on years of service. <br /> Employee Retention Pay Schedule: <br /> Employee Retention Scale <br /> Employee Retention Scale <br /> FT PT FT/PT <br /> 1 Year 1.50% $100 <br /> First 24 Months 24% <br /> 2 Years 1.75% $125 <br /> 3 Years 2.00% $150 2 -5 Years 3% <br /> 4 Years 2.25% $175 6 -9 Years 4% <br /> 5-9 years .50% $250 <br /> 10- 14 Years 5% <br /> 10-14 Years 3. %1 $325 <br /> 15-19 Years 4.0090 $400 15- 19 Years 6% <br /> 20-24 Years 4.7 % S475 1 20-24 Years 7% <br /> 25 Years plus 5.50%j <br /> 500 ho$550 25 Years Plus 8% <br /> s <br /> Eligibility for the first Year employee: <br /> Any employee who starts on or before June 1s' is eligible for the Employee Retention Benefit <br /> and anyone hired after that date is not eligible until the following year. <br /> Eligibility after the first year: <br /> All employees <br /> are eligible for their applicable Retention Benefit level based on length of service. <br /> Completed Years of Service: <br /> A completed year is a calendar year and any part of a month more than 15 calendar days <br /> qualifies as a full month of service. <br /> Annual SalarylWages: <br /> Salary/wages include all pay earned through salaries and wages received during the period <br /> December 1st of the prior year through November 30th of the current year. The only types of <br /> payment not included in the calculation is: <br /> > Prior year retention benefit payment <br /> > Lump Sum Check if applicable <br /> Vacation Payout <br /> Separation: <br /> Retention pay is not pro-rated or paid when employees separate during the year. <br /> The Employee Retention Benefit pay will be included in the first pay period of December. <br /> 4-3 11/15/2022 <br />