Computation of Payments

INSTRUCTIONS FOR COMPUTATION OF PAYMENTS MADE FROM ALL SOURCES

2021 Working Days

 

Month Working Days Time Factor
June 13

.6842

July 22

1.1579

August 22

1.1579

September 13

.6842


Definition of a Working Day: Monday, Tuesday, Wednesday, Thursday, and Friday including holidays occurring on any one of these days.

Service Period: Any 57 working Days from June 14, 2021 to September 17, 2021.

 

 

TIME FACTORS FOR NUMBER OF DAYS WORKED PER MONTH FOR ACADEMIC YEAR FACULTY

 The use of the daily-rate factor is mandatory; the calendar month basis should not be used.

# of Days Worked Time Factor
1 .0526
2 .1053
3 .1579
4 .2105
5 .2632
6 .3158
7 .3684
8 .4211
9 .4737
10 .5263
11 .5789
12 .6316
13 .6842
14 .7368
15 .7895
16 .8421
17 .8947
18 .9474
19 1.000
20 1.0526
21 1.1053
22 1.1579
23

1.2105