| Comp Rate |
Enter the amount the University
will pay to the employee (which depends on the Comp Frequency):
· If Annual,
enter pay as an annual rate, adjusted for FTE (e.g., annual salary of $40,000 adjusted for
.75 FTE would be entered as $30,000 Comp Rate).
· If Contract
(Exact Pay), enter the amount contracted.
· If Contract
(Academic Pay), enter academic earnings adjusted for FTE:
· For 9/12 pay,
for example, enter the result of the following calculation: annual amount (12-month pay)
divided by 12 (# of months in a year) times 9 (# of months in the academic year) times
FTE; e.g., $120,000 (12-month pay) ¸ 12 x 9 x .5 (FTE) equals
a $45,000 Comp Rate.
· If Hourly,
enter the hourly rate.
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