FAQs
Do you have an example of the calculation?
11/30/2021
An employee's $42,000 contract runs from August 16th to May 15th is scheduled to be paid over 18 semi-monthly pay periods.
If they would be paid according to their current contract, the employee would receive the following:
A gross pay of $2,333.33 ($42,000/18 pays) over 18 payrolls and no pay until the next academic year begins.
If the employee requests salary deferral, the pay is made over 24 payrolls.
A gross pay of $1,750.00 ($42,000/ 24 pays) over 24 payrolls. They will receive a paycheck until the next academic year begins and throughout the summer.
