PAY DAYS, PAYCHECKS, AND PAYROLL PROCEDURES Sample Clauses

PAY DAYS, PAYCHECKS, AND PAYROLL PROCEDURES. 27.1 Faculty members on nine-month contracts or renewal notices may elect to be paid over the academic year (nine months) or over the calendar year (12 months). Faculty members will have their paycheck deposited directly into a bank or credit union account. The CSU Administration reserves the right to implement a unified university-wide payroll system in which all employees of the University would be paid on a bi-weekly basis. 27.2 The Administration shall cooperate with faculty members who choose to participate in a tax- sheltered annuity option plan by making a payroll deduction from each appropriate paycheck and making the payment to the approved annuity carrier selected by the faculty member. Faculty members may select any of the approved qualified companies offering these plans and may change companies at their own discretion, subject to the rules and regulations of the carriers, the University, and the Internal Revenue Code. A The Administration shall make arrangements to approve any available annuity carrier to which more than forty (40) faculty members contribute. During each academic year all faculty members shall be invited to propose new annuity carriers. Approved annuity carriers may be disapproved if fewer than forty (40) faculty members are making contributions to that carrier. 27.3 The Administration shall continue to pick up the STRS contribution for each faculty member on a pre-tax basis. 27.4 The University will facilitate purchase of eligible past service credit through payroll deduction for STRS on either an after-tax or pre-tax basis, according to the faculty member’s election, and subject to the rules of STRS and the Internal Revenue Code.

PAY DAYS, PAYCHECKS, AND PAYROLL PROCEDURES. 27.1 Faculty members on nine- or ten- month contracts or renewal notices may elect to be paid over nine months or ten months, respectively, or over 12 months. Faculty members will have their paycheck deposited directly into a bank or credit union account. The CSU Administration reserves the right to implement a unified university-wide payroll system in which all employees of the University would be paid on a bi-weekly basis. 27.2 The Administration shall cooperate with faculty members who choose to participate in a tax- sheltered annuity option plan by making a payroll deduction from each appropriate paycheck and making the payment to the approved annuity carrier selected by the faculty member. Faculty members may select any of the approved qualified companies offering these plans and may change companies at their own discretion, subject to the rules and regulations of the carriers, the University, and the Internal Revenue Code. 27.3 The Administration shall continue to pick up the STRS or PERS contribution for each faculty member on a pre-tax basis. 27.4 The University will facilitate purchase of eligible past service credit through payroll deduction for STRS or PERS on either an after-tax or pre-tax basis, according to the faculty member’s election, and subject to the rules of STRS or PERS and the Internal Revenue Code.

PAY DAYS, PAYCHECKS, AND PAYROLL PROCEDURES. Section 1. Pay Frequency. Employees on a nine-month academic year may elect to be paid in twenty-four

PAY DAYS, PAYCHECKS, AND PAYROLL PROCEDURES. Section 1. Pay Frequency. Employees on a nine-month academic year may elect to be paid in twenty-four (24) or eighteen (18) equal installments. Employees on a ten-month academic year may elect to be paid in twenty-four (24) or twenty (20) equal installments. Twelve (12) month employees are paid in twenty-four (24) equal installments. Paychecks shall be deposited directly into an employee's bank or credit union account or the payroll card system. The University reserves the right to change the current payroll cycle to a bi-weekly process, and shall inform the Union, in writing, at least thirty (30) calendar days prior to such change. Section 2. Voluntary 403(b)