36-3. Payroll Procedures
36-3.1. Payroll Cycle.
All bargaining unit employees shall be on the same payroll cycle.
36-3.2. Payroll Periods.
A payroll period is a fourteen-calendar-day period commencing on a Sunday and ending on the second Saturday following such Sunday. Bargaining unit employees shall be paid for each payroll period on the Friday that follows thirteen days after the end of such payroll period.
36-3.3. Pay Plan.
The BOARD and the UNION shall jointly select a bank or financial institute that can assist employees who plan to establish personalized deferred pay accounts that will allow them to direct a portion of their compensation into a savings or other account to be available during unpaid break periods. The BOARD shall work to make establishing such deferred pay accounts with the selected bank or financial institution as simple and efficient for employees as possible.
36-3.4. Payroll Schedule.
For each Fiscal Year, the BOARD shall publish a payroll schedule that will reflect the pay dates for each payroll period and a concomitant schedule for deductions.
36-3.5. Payroll Corrections.
Principals and head administrators shall submit payroll corrections immediately upon verification of a payroll error. Salary adjustments shall be remitted to the teacher as soon as practicable and no later than the next payroll period.