Fiscal year working days change
Each fiscal year, beginning July 1st of one year and ending June 30th of the following year, has a specific number of working days. Fiscal years can vary between 260, 261, or 262 working days. Employees who are paid over the fiscal year will see their biweekly pay change as these working days change.
What number of working days do the most recent fiscal years have? Accordion Closed
|Fiscal Year||Start Date||End Date||Working Days||Biweekly rate change|
What employees are impacted by the working days change? Accordion Closed
Any employee who is paid over the fiscal year will see a change. This includes Service Professionals, Administrators, Academic Professionals, Post-Doctoral Scholars, and Faculty & Administrative Faculty who are paid over 12 months. It does not include Classified Staff, employees paid less than the fiscal year (such as 9-month faculty paid over contract), student workers, part-time temporary workers, part-time faculty, or graduate assistants.
Why are Classified Staff not impacted? Accordion Closed
Classified Staff salaries are calculated at a biweekly rate, because Classified Staff are assumed to continue working indefinitely. Therefore, they receive an identical paycheck every pay period. Service Professional employees are on yearly contracts with no guarantee of renewal. Therefore, their entire contract amount must pay within the specified fiscal year.
Does my department have to take any action? Accordion Closed
No, Human Resources will run the working day change process to ensure employees are paid correctly.
Will employees be notified of this change? Accordion Closed
Notification will go out in the biweekly pay day reminders email, which is usually sent the Thursday prior to pay day Friday. Please read the entire email as updates are included within the body. Additionally, departments can alert their employees individually.
Can I see an example of how this change will affect salaries? Accordion Closed
We have a document with examples of this salary change.