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Q:
What does this mean for the July 2006 pay period?
A:
The pay period for this transitional month will be July
1 st through July 21 st . For this month only, the pay period will
be 6 days shorter than normal.
Q:
How will this shorter pay period impact my July pay check?
A:
To minimize the financial impact, the BOR has implemented
a program to advance funds to all employees to cover the six day
difference.
Q:
How will I repay the BOR?
A:
The advance for the 6 working days will be re-paid over
a 12 month period for 12 month employees. For example, the July
2006 paycheck will include 15 working days plus an additional five
and one-half (6 days advance minus ½ day repayment) days.
Employees will repay ½ day of the advance each paycheck for
the fiscal year. Those employees with less than 12 month employment
will repay per the number of months employed.
Q:
How will I know my advance balance?
A:
The balance will be shown on your pay stub.
Q:
What happens if I terminate my employment before the advance is
paid in full?
A:
The balance of the advance and any hours worked will be
calculated in your final paycheck.
Q:
Pay for Hours Worked
A:
Beginning July 2006, all overtime eligible employees will
be paid for the numbers of hours worked during each pay period.
This change will eliminate the 2,080 hour adjustment which has been
computed annually and paid either at the end of the June or the
first part of July.
Q:
How will this impact my paychecks?
A:
The pay period in some months will have more working days
than others. Therefore, paychecks for overtime eligible employees
may vary from month to month. Some pay periods will have as few
as 20 working days (160 hours) while others will have as many as
23 working days (184 hours).
Q:
What will this mean if I am a 9 month overtime eligible hourly employee?
A:
With the change in pay cycle, your pay period will also
change from a calendar month to the 22 nd of the current month to
the 21 st of the following month.
Q:
If I am a 9-month hourly employee, will I receive the same assistance
with this transition as other employees who work 12 months?
A:
Yes. You will receive an advance equal to 11 days advance
for your August pay period. This Adjustment will be repaid through
payroll deduction in ten equal installments from August 2006 though
May 2007.
Q:
What if my pay changes during the year?
A:
The advance will be calculated and included in pay at the
beginning of the fiscal year. Repayments will be calculated
at the same time and loaded into the payroll system. Any pay
adjustments after this initial load will have no impact on the advance
or repayment. They will continue as initially determined.
Q:
Will my taxes be affected by the advance?
A:
The advance and repayment will be made on a net pay to
net pay basis. This means that the advance will be calculated
as an estimate of the difference in your net pay (after deductions). Repayments
will be calculated by dividing the amount of the advance by the
number of months in your repayment period. Therefore, there are
not implications to your taxes.
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