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Business and Financial Policies and Procedures


The Senior Associate Vice President for Business and Finance has delegated responsibility for the administration of the University's payroll function to the Senior Assistant Vice President for Business and Finance/Controller who further delegates responsibility for this function to the Executive Director of University Payroll and Benefits (UPB). University Payroll and Benefits is responsible for developing and maintaining systems necessary to keep accurate employee time and attendance records, issue payments, and apply benefit time.

The Illinois Department of Labor requires every employer to pay all wages earned at least semi-monthly. Wages are to be paid no later than 13 days after the end of the pay period in which they were earned. Wages of executive, administrative, and professional employees, as defined in the Fair Labor Standards Act of 1938, may be paid once a month. Employers must keep records of the names and addresses of all employees and wages paid each payday, and must furnish each employee with an itemized statement of each pay period's deductions. The University complies with the law by issuing current earnings statements online.

Last Updated: June 30, 2011 | Approved: Senior Associate Vice President for Business and Finance | Effective: March 2010

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