Method of Payback. The employee must choose one (1) of the following options for paying back the overpayment: 1. Voluntary wage deduction; 2. Cash, credit/debit card; or 3. E-check/Check. The employee will have the option to repay the overpayment over a period of time equal to the number of pay periods during which the overpayment was made. The employee and the University may agree to make other repayment arrangements. The payroll deduction to repay the overpayment will not exceed five percent (5.0%) of the employee’s disposable earnings in a pay period. However, the University and the employee may agree to an amount that is more than five percent (5.0%). If the employee fails to choose one of the three (3) options described above within the timeframe specified in the University’s written notice of overpayment, the University will deduct the overpayment owed from the employee’s wages over a period of time equal to the number of pay periods during which the overpayment was made. Any overpayment amount still outstanding at separation of employment will be deducted from the earnings of the final pay period.
Appears in 10 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
