What is Service Incentive Pay (SIP)? Who is eligible to receive it?

Service Incentive Pay is a benefit for regular, non-Civil Service employees who have completed at least five (5) years of continuous service with the City of Austin.

The formula for employees with five (5) to seven (7) years of continuous service is:
Completed years of uninterrupted service (maximum of 7)  x  0.0025  x  hourly rate  x  hours worked per week (e.g., 40)  x  52 (weeks of the year)  =  amount OR $500, whichever is less.

The formula for employees with seven (7) to fifteen (15) years of continuous service is:
Completed years of uninterrupted service (maximum of 15)  x  0.0025  x  hourly rate  x  hours worked per week (e.g., 40)  x  52 (weeks of the year)  =  amount OR $1000, whichever is less.

The formula for employees with more than fifteen (15) years of continuous service is:
Completed years of uninterrupted service  x  0.0025  x  hourly rate  x  hours worked per week (e.g., 40)  x  52 (weeks of the year)  =  amount OR $1500, whichever is less.