Payment of Wages

[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.