[Faculty Handbook Category #3]
Faculty are paid monthly. Payments are made on the last business day of each month.
Each member of the faculty receives a monthly earnings statement indicating gross earnings, deductions, reductions, and net pay. The statement also shows accumulated taxable earnings, withholding tax, and social security deductions from January 1 to the date of the statement.
Before an earnings statement can be issued, an employee must complete the following forms:
- W-4 Federal Employee’s Withholding Allowance Certificate and State of Minnesota W-4 withholding. If either is not completed, the default will be single status with zero dependents.
- An Election of Benefits Form. This form is used by the employee to designate his/her election of benefits for which he/she is eligible (see Faculty Benefits).
Employees are encouraged to complete their Payment Method within Oracle to arrange for direct deposit of their paycheck into a personal bank account.
The college does not advance payment of salaries except in unusual circumstances. Any advance payment must have prior approval of the CFO and Vice President for Business and Finance.
updated 9.8.2025