1. Two-Semester Faculty Appointment Salary Override Calculation Upon Separation

2. Determine Date of Separation
Review academic calendar
Determine primary semesters
Determine date of separation
Determine semester in which last date worked
Determine total number of work days for the semester (see Payout Schedule)
Determine total number of work days faculty member completed in semester (see Payout Schedule)

3. Determine Base Salary Determine annual base salary
Multiply annual base salary times 50% (to ascertain base salary for one primary semester)

4. 2017-2018 AY Two-Semester Payoff Schedule
Day
Last Day Worked
Day#
Due *
Spring
Mon
1/08/2018 1
1/73rd
Tue
1/09/2018 2
2/73rd
Wed
1/10/2018 3
3/73rd
Thu
1/11/2018 4
4/73rd
Fri
1/12/2018 5
5/73rd
1/15/2018
 HOLIDAY
1/16/2018 6
6/73rd
1/17/2018 7
7/73rd
1/18/2018 8
8/73rd
1/20/2018 9
9/73rd
1/22/2018 10
10/73rd

5. 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 completed by faculty member
Determine annual base salary received via paycheck(s) paid during semester and to date for the AY

6. Calculate Faculty Salary Override (cont’d)
Subtract annual base salary paid to date in semester from total annual base salary for the semester plus any salary due from prior semester, if any
The result is the amount of the faculty salary override

7. Sample Calculation Example 1
Primary semesters – Fall and Spring
Effective Date of Separation – 01/01/2018
AY base salary – $100,000.
76 work days – fall semester
76 days worked – fall semester

8. Sample Calculation Example 1(cont’d)
1. $100,000. * .50 = $50,000.
2. $50,000. / 76 days = $ per day
3. $ * 76 days worked = $50,000.
4. $100,000. / 12 mos = $8, per month
5. $8, * 3 mos = $24, paid Sept. through Nov.

9. Sample Calculation Example 1(cont’d)
6. Fall semester total salary due = $50,000. – $ 24, (salary paid Sept. through Nov.) = $25, (salary due for fall semester)
7. $25, faculty salary override in Dec.

10. Sample Calculation Example 2
Primary semesters – Fall and Spring
Effective Date of Separation – 02/24/2018
AY base salary – $100,000.
73 work days – spring semester
34 days worked – spring semester

11. Sample Calculation Example 2 (cont’d)
1. $100,000. * .50 = $50,000.
2. $50,000. / 73 days = $ per day
3. $ * 34 days worked = $23,287.62
4. $100,000. / 12 mos. = $8, per month
6. $8, * 5 mos. = $41, paid Sept. through Jan.

12. Sample Calculation Example 2 (cont’d)
Fall semester total salary due = $50,000. – $41, (salary paid Sept. through Jan.) = $8, (salary due for fall semester)
$8, $23, = $31, faculty salary override

13. Process PCR Process PCR for the amount of the faculty salary override
HR will enter amount listed on PCR
Amount will appear on next paycheck

14. 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

15. 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