| POLICY NAME | POLICY NO. | APPROVING BODY | RESPONSIBLE DEPARTMENT |
|---|---|---|---|
| Awards Payment Policy | BA431 | President/Cabinet | Business Affairs – Payroll |
| EFFECTIVE DATE | VERSION NO. | REVISION/REVIEW DATE | DOWNLOAD PDF |
| 01-JUL-2024 | 01 | 12-SEP-2024 | BA431_Awards Policy |
PURPOSE:
This policy establishes the payment requirements set forth for WNMU Faculty & Staff awards that are presented throughout the Academic year.
POLICY:
Upon the Payroll Office receiving written notice of awards, a one-time payment will be made with all applicable tax and retirement withholding. Such awards are considered non discretionary bonuses and overtime pay for non-exempt employees will be treated accordingly based on the Fair Labor Standards Act.
Contact the Payroll Department for the payment process.