Welcome Faculty 911 Month

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WelcomeFaculty (9-11 Month)
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South Dakota Board of Regents

• Payroll Cycle Shift

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System-wide Implementation

• System Decision
• Impact to all employees that are benefit eligible
• Impact to all non-benefit eligible
• On-line e-Services

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Keep in mind

• This may seem complicated at first
• Change our thinking from a calendar month to a
  rolling month timeframe
• We will be paid for everyday we work
• Checks will simply reflect a different
  time-frame

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Current Pay Cycle

• Pays for all working days in a calendar month
• Payroll run is approximately 10 days prior to the
  end of the month
• Days are projected for the remaining 10 days
• SDBOR has been prospectively paying for hours
  worked
• Inclusive of employees who have not worked
• Adjustments are made the following month for
  overtime, leave without pay, etc.

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How Will The Pay Cycle Shift?

• Historical pay cycle 1st 31st of the month
• New Payroll cut off date will be the 21st
• New pay cycle will be 22nd of each month to 21st
  of next month
• Pay day will remain the last working day of the
  month

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Whats the Advantage to Employees?

• Reduce paperwork associated with payroll
  adjustments and corrections
• Employees will be paid for actual days worked in
  the current pay cycle
• Consistent with pay process for other state
  employees and the private sector

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When will this take effect?

• New pay cycle will take effect July 2006

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How will my paycheck be impacted?

• Contract August 15 through May 19
• Currently you are paid a ½ month salary in August
  and ½ in May.
• Under the new payroll cycle (22nd-21st), you will
  work and be paid for approximately ¼ month within
  the August pay cycle and ¾ month in the May pay
  cycle.

Faculty - 9 month OT Exempt
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How will my August 2006 pay check
be impacted?

• To minimize the financial impact of the shorter
  August pay cycle, the Board of Regents (BOR)
  will advance funds to employees to cover the
  difference.
• Advance for 9 month faculty will be 1/4th month.
  
• With repayment over 10 months

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9 month overtime exempt employee
Faculty - 9 month OT Exempt
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August 2006 and beyond

• Payroll cycle for each month will be 22nd 21st
  of the month
• Pay day will be last working day of the month

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9 Month Faculty Employee - Estimate
To calculate the estimated impact to your
paycheck, visit www.sdbor.edu
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9 Month Faculty Employee - Estimate
To calculate the estimated impact to your
paycheck, visit www.sdbor.edu
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Additional Resources

• To assist you with your financial planning,
  visit
• www.sdbor.edu/administration/human_resources/HR-FA
  Q.htm 
• FAQ handout with contact phone numbers

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Keep in mind

• Change our thinking from a calendar month to a
  rolling month timeframe
• We will be paid for everyday we work
• Checks will simply reflect a different
  time-frame

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Questions?www.sdbor.edu/administration/human_res
ources/HR-FAQ.htm 
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Thank you!