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Due to Workday implementation, this policy is under review. Learn more about business process changes at Workday@UT or on the Human Resources website.

Computation of Hourly Rates, Pay for Partial Month of Service, and Payment of Unused Vacation

Handbook of Operating Procedures 5-3040

Computation of Hourly Rates, Pay for Partial Month of Service, and Payment of Unused Vacation

The University of Texas at Austin
Executive Sponsor: Senior Vice President and Chief Financial Officer
December 1, 1989

 


 

Employees will usually be paid on a monthly basis. If the nature of the work is intermittent or temporary; however, employees may be paid on an hourly basis. That hourly rate is determined by the following formula:

 

Hourly Rate = 12-month full-time base rate

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2080 (40 hours/week X 52 weeks)

 

Payments for less than a full month to employees paid on a monthly basis shall be determined by using TABLE V, "Decimal Equivalents of Fractions of Months", in the Personnel Pay Plan.

 

Payments for unused vacation upon termination of employment shall be determined by multiplying the number of hours of accrued vacation by the employee's hourly rate at the time of termination.

 

Payment for frozen vacation will be paid at the employee's hourly rate at the time the vacation was frozen.

 

 

Previously HOP 9.26