[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. This is also used for State of Minnesota tax withholding.
- 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 an Employee Authorization for Direct Deposit Form 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 VP/Treasurer.