Following is a note from payroll (Connie Rudy) explaining the new salary system and trying to alleviate some of the confusion over the first salary pay day.
Since last week we have received a number of phone calls regarding our first pay under the new “Annualized” system. Because the new agreement came into effect on May 1st, 2008 we were obligated to pay everyone under the old payroll system until April 30th and begin paying under the new system effective May 1st. As this was in the middle of a pay period, the first pay under this system was pro-rated and cut off on May 8th. What this did to the annualized earnings was to pro-rate it for 8 days out of the 14 that would normally be in a pay period. Unless we had altered the pay ending structure and changed the dates that everyone is paid, there was no other way to handle it. The next pay that cuts off on May 22nd will be a full 14 days and will balance to the pay statement that you received in the mail at the beginning of last week.
At the end of the 2008-2009 contract year there are an additional 7 days from this year’s annualized salary that will be paid (April 24-30/09). They will be received as part of a full 2 week pay cheque – 7 days of which will be under this year’s annualized salary and the remainder which will be using the 2009-2010 annualized salary. This pay period will cut off May 7, 2009 and will be received by employees on May 14, 2009.
If you have any further questions regarding your pay, please contact myself, or Krista (7808).