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8 <br />If the total cost of the insurance is less than the City contribution, then the City will refund the difference <br />in a one-time, taxable payment on January 30th for the previous year. <br />All additional longevity pay in lieu of insurance benefit is hereby terminated. Employees separating <br />during the year will receive paid refund on a pro-rata basis. (The provisions of this paragraph will not <br />apply to any employee hired after December 31, 1988. Employees hired after that date will not be entitled <br />to such payment in lieu of insurance coverage or pro-rate refunds.) <br />In the event the health insurance provisions of this Agreement fail to meet the requirements of the <br />Affordable Care Act and its related regulations or cause the EMPLOYER to be subject to a penalty, fine <br />or additional tax liability, the Union and the Employer will meet promptly to bargain over alternative <br />provisions. <br />ARTICLE 16: WAGES/LONGEVITY/OVERTIME RATES <br />Employees with the required service credit shall receive longevity pay according to the following: <br /> January 1 January 1 <br />2024 PAY RATES STEP BASE RATE LONGEVITY <br />REGULAR <br />RATE OT RATE <br />START 75%$34.30 - $34.30 $51.45 <br />1 YEAR 85%$38.87 - $38.87 $58.31 <br />2 YEAR 95%$43.44 - $43.44 $65.16 <br />3 YEAR / OFFICER 100%$45.73 - $45.73 $68.60 <br />FOUR (4) YEARS BUT LESS THAN EIGHT (8)103%$45.73 $1.37 $47.10 $70.65 <br />EIGHT (8) YEARS BUT LESS THAN TWELVE (12)105%$45.73 $2.29 $48.02 $72.03 <br />TWELVE (12) YEARS BUT LESS THAN SIXTEEN (16)107%$45.73 $3.20 $48.93 $73.40 <br />SIXTEEN (16) YEARS OR MORE 109%$45.73 $4.12 $49.85 $74.78 <br />SERGEANT STEP BASE RATE LONGEVITY <br />REGULAR <br />RATE OT RATE <br />SERGEANT LESS THAN (4) YEARS 100%$52.40 - $52.40 $78.60 <br />FOUR (4) YEARS BUT LESS THAN EIGHT (8)103%$52.40 $1.57 $53.97 $80.96 <br />EIGHT (8) YEARS BUT LESS THAN TWELVE (12)105%$52.40 $2.62 $55.02 $82.53 <br />TWELVE (12) YEARS BUT LESS THAN SIXTEEN (16)107%$52.40 $3.67 $56.07 $84.11 <br />SIXTEEN (16) YEARS OR MORE 109%$52.40 $4.72 $57.12 $85.68 <br /> <br />A.Field Training Officers will receive one (1) hour of compensatory time for every day of <br />training, which includes use of force and firearms instruction.