Teachers receive longevity bonuses on top of their salaries in addition to a retirement bonus.
Part of the money would be used to increase the longevity bonus, granted after 15 years of service, from $500 to $800.
In addition, officers with 20 years or more experience receive $5,000 annual longevity bonuses.
After 15 years in the district teachers receive annual longevity bonuses in addition to the raises.
His contract calls for a longevity bonus of $500,000 if he coaches through April 1, 2006.
Teachers receive an annual longevity bonus after 25 years.
Other firms are offering "longevity bonuses" to associates who stick around.
He received a $1.2 million buyout and an additional $150,000 of a $250,000 longevity bonus.
Teachers hired before January 1, 1994 receive an annual longevity bonus in addition to raises and step increases.
He eliminated a "longevity bonus" for the elderly that had been intended to keep them from leaving the state.