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VOLUME: IV POLICIES RELATED TO PAYROLL ADMINISTRATION
SUBJECT: Establishment of Payroll Schedules
SOURCE: Financial Management Services
DATE ISSUED: October 1990; Revised July 2007
POLICY NO. IV - 50
RATIONALE: To establish responsibility for the development of payroll schedules, including summer pay days.
POLICY: The Payroll Operations Manager in Financial Management Services will be responsible for establishing all payroll schedules, including pay dates.

Special year-end payrolls, the schedule for producing W-2s and other employee wage reports are the responsibility of the Cost and Tax Management division of Financial Management Services.

PROCEDURE REFERENCE: Official pay dates will be determined as follows:

Monthly Paid Employees:

Payday will be the last business day in each month for monthly-paid employees. An exception to this schedule is the payment for December which will be paid on the first business day in January.

Student Academic Employees:

1. The first payday for student academic employees is September 15, or the first preceding work day if this date falls on Saturday, Sunday or a holiday.

2. The final payday for first semester will be paid in mid-December after the conclusion of the first semester.

3. The final pay day of the academic year which will be the first work day following or coinciding with the Bloomington campus commencement day.

Biweekly and Hourly Employees:

Payday for all biweekly and hourly employees will be on the second Friday following the end of the pay period, except when a holiday falls on a Friday; in such cases pay day will be the first preceding work day.

CROSS REFERENCE: See Policy IV- 250, Off-Cycle Payroll Payments
RESPONSIBLE ORGANIZATION: Financial Management Services


Comments: vpcfo@indiana.edu
Copyright 2007, The Trustees of Indiana University