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Salary Calculations

12 Month Employee Calculation

The State 12 month employee’s salary is budgeted as an annual amount within a fiscal year. The annual salary is for 365 days and paid on a bi-weekly basis. The bi-weekly pay consists of 14 days. To arrive at a correct bi-weekly salary rate you must divide the annual salary by the pay period factor:

Non-Leap Year Calculations

  • To compute the biweekly salary for 12 month employees divide the annual salary by 26.071428
  • To compute the hourly rate divide the biweekly amount by 80
  • To compute the daily rate divide the biweekly amount by 10

Leap Year Calculations

  • To compute the biweekly salary for 12 month employees divide the annual salary by 26.142857
  • To compute the hourly rate divide the biweekly amount by 80
  • To compute the daily rate divide the biweekly amount by 10

9 Month Employees, 9/12 Employees & Contract Calculations

  • To compute the biweekly salary for 9 month graduate assistants divide the annual salary by 22 equal pays or based on the specific period for the contract.  A Graduate Assistant will be in a 12 month position if the contract is in payroll 26, 1, 2 or 3.
  • To compute the biweekly salary for 9 month faculty who are paid over 12 months, divide the salary by 26 equal pays (ex: payroll 4 – payroll 3)
  • To compute the biweekly salary for faculty who work per semester divide the annual salary by 11 equal pays or based on the specific period for the contract.

 

Useful Resources:

Why doesn’t the employee’s bi-weekly salary multiplied by 26 pay periods equal their annual salary?

Understanding Salary Calculations