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)

2016-2017 AY Two-Semester Payoff Schedule Day Last Day Worked Day# Due * Spring Mon 1/09/2017 1 1/73rd Tue 1/10/2017 2 2/73rd Wed 1/11/2017 3 3/73rd Thu 1/12/2017 4 4/73rd Fri 1/13/2017 5 5/73rd 1/16/2017  HOLIDAY 1/17/2017 6 6/73rd 1/18/2017 7 7/73rd 1/19/2017 8 8/73rd 1/20/2017 9 9/73rd 1/23/2017 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 – 01/01/2017 AY base salary – $100,000. First two pays (Jan. & Feb. of 2017) 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. $100,000. * .50 = $50,000. 2. $50,000. / 8 remaining pay periods (Jan. through Aug.) = $6,250.00 per pay period 3. 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 – 03/01/2017 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