Hourly employees will continue to be paid for days worked and will not be paid for the 5 days for which they take furlough leave without pay as indicated on their timesheets. How will my salary be calculated?
If you selected the Default Plan: 12-month exempt and salaried non-exempt employees will see a reduction in their annual salary of 1.92%. This calculation will be based on the remaining pay periods of the 2008-2009 fiscal year; therefore, their gross compensation will be reduced by 3.333% per pay period derived from the following formula. 15 remaining pay periods represent 150 working days. The mandatory furlough requires leave without pay for 5 days meaning an employee will receive 145 of 150 days of compensation or 96.666% of their pay each pay period for remainder of the fiscal year. If you selected the Alternative Plan: Your paycheck will be reduced as you take your furlough leave. If you selected the Default Plan: 9-month exempt and salaried non-exempt employees will see a reduction in their annual salary of 2.5%. This calculation will be based on the remaining pay periods of the 2008-2009 academic year; therefore, their gross compensation will be reduced by 4.166% per pay period
Related Questions
- Hourly employees will continue to be paid for days worked and will not be paid for the 5 days for which they take furlough leave without pay as indicated on their timesheets. How will my salary be calculated?
- Are employees who are on leave without pay (such as disability, FMLA, personal, etc.) at the time the furlough Plan becomes effective subject to its requirements?
- Are employees who are on a leave without pay (such as disability or family leave) affected by the furlough plan?
