Payroll Deductions and Policies
Compensation Policies--Payroll Deductions and Policies
Policy
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Document Number: HR--136 Revision #: 1.0
Document Owner: Executive VP Date Last Updated: 08/17/2012
Primary Author: Director of Human Resources Status: Approved
Date Originally Created: 01/17/2012
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General Description
Description: Information about payroll deductions and policies relative to HR policy.
Purpose: Delineation of policy.
Scope: All faculty, staff, and administrators
Responsibility: Human Resources
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Requirements
Relevant Knowledge: In order to comply with this policy you should know:
Federal statutes
Current University policy
State statutes
Terms and Definitions: Additional training
Corrective Action
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Policy Provisions
1. Payroll Deductions and Policies
Employees of Cumberland University receive their paychecks by Direct Deposit, whereby the employee's paycheck is directly deposited into the employee's personal checking account. A pay stub is issued to the employee on payday that itemizes deductions and the amount deposited to the employee's checking account. Questions may be directed to the Payroll Clerk, located on the first floor of Memorial Hall.
Federal income taxes are normally deducted from employee paychecks along with the required withholding of FICA taxes, for Social Security, and Medicare taxes.
In addition, the employees may elect to have deductions taken from their paychecks for other items, such as health care premiums, retirement contributions, credit union savings and loan programs, contributions to University authorized campaigns such as United Way and other giving campaigns, pledges and/or gifts to Cumberland University, dental insurance, cancer insurance, disability insurance, and life insurance. Some deductions may qualify to be elected on a pre-tax basis. For additional information, please contact the Payroll Office.
Cumberland University may deduct money from employee's paychecks for obligations owed to the University such as returned checks and legally imposed levies and garnishments made against an employee's wages. Questions about levies and garnishments should be directed to the Director of Human Resources.
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Performance Evaluation
Performance Metrics: Compliance with standard policy and procedure
Compliance with federal mandate
Consequences: Further training
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Subject Experts
The following may be consulted for additional information.
Director of Human Resources