Two-Semester Faculty
Appointment
Salary Override Calculation
Upon Appointment (Other
than regular appointment
dates with Provost Office
approval)
Determine Date of
Appointment
•
•
•
•
Review academic calendar
Determine primary semesters
Determine date of appointment
Determine total number of work days for the
semester (see Payout Schedule)
• Determine total number of work days faculty
member will complete in semester (see Payout
Schedule)
Determine Base Salary
• Determine annual base salary
• Multiply annual base salary times 50% (to
ascertain base salary for one primary
semester)
2014-2015 AY Two-Semester
Payoff Schedule
Semester
Day
Last Day Worked
Day#
Due *
Spring
Mon
1/12/2015
1
1/73rd
Spring
Tue
1/13/2015
2
2/73rd
Spring
Wed
1/14/2015
3
3/73rd
Spring
Thu
1/15/2015
4
4/73rd
Spring
Fri
1/16/2015
5
5/73rd
Spring
Mon
1/19/2015
HOLIDAY
HOLIDAY
Spring
Tue
1/20/2015
6
6/73rd
Spring
Wed
1/21/2015
7
7/73rd
Spring
Thu
1/22/2015
8
8/73rd
Spring
Fri
1/23/2015
9
9/73rd
Spring
Mon
1/26/2015
10
10/73rd
Calculate Faculty Salary
Override
• Divide annual base salary for one semester by
total number of work days in that semester (see
Payout Schedule) to determine daily rate
• Multiply daily rate times number of work days to
be completed by faculty member
• The result of the above calculation is the portion
of annual base salary faculty member should
receive during semester
Calculate Faculty Salary
Override (cont’d)
• Divide the calculated annual base salary
(salary due) by the number of pay periods
for the remainder of the AY. *
• The result is the amount of the faculty
salary override per pay period for the
remainder of the AY
*NOTE: Normally a two-semester off-cycle appointment
does not occur in fall semester
Sample Calculation
Example 1
•
•
•
•
Primary semesters – Fall and Spring
Date of Appointment – 01/01/2015
AY base salary – $100,000.
First two pays (Jan. & Feb. of 2015) are
for fall semester, therefore, a faculty salary
override must be calculated for the
remainder of the AY
Sample Calculation
Example 1(cont’d)
1.
2.
3.
$100,000. * .50 = $50,000.
$50,000. / 8 remaining pay periods
(Jan. through Aug.) = $6,250.00 per
pay period
Faculty salary override = $6,250.00 per
pay period for the remainder of AY
Sample Calculation
Example 2
•
•
•
•
•
Primary semesters – Fall and Spring
Date of Appointment – 03/01/2015
AY base salary – $100,000.
73 work days – spring semester
39 days to be worked – spring semester
Sample Calculation
Example 2 (cont’d)
1. $100,000. * .50 = $50,000.
2. $50,000. / 73 days = $684.93 per day
3. $684.93 * 39 days to be worked =
$26,712.27
4. $26,712.27 / 6 pay periods (Mar. through
Aug.) = $4,452.04 per pay period
6. Faculty salary override = $4,452.04 per
pay period for the remainder of AY
Process PCR
• Process PCR for the amount of the faculty
salary override
• HR will enter amount listed on PCR
• Amount will appear on each paycheck
Taxability of Faculty Salary
Override
• Faculty salary override will be taxed the
same as any regular paycheck based on
place of residence and work location
12-Month Faculty
Appointment
• There is no need to calculate a faculty
salary override for a faculty member on a
12-month appointment since their salary is
earned and paid in the same month