Salary Factors
State Employees
Since a fiscal year cannot be divided equally into bi-weekly pay periods, a salary factor is used to compute the bi-weekly salary as follows:
State Fiscal Year
State paychecks are based on the State fiscal year which can not be equally divided. Therefore, dividing your salary by 26 will NOT give you the correct salary.
Calculation
Instead, computation of the bi-weekly wage is made by dividing the annual salary by the number of calendar days in the State fiscal year (365 or 366) and multiplying this result by the number of calendar days in a bi-weekly period (14).
To reduce this process to one-step, the fractions 14/365 and 14/366 are converted to multiplication factors:
Payroll Factors
.038356 Non-Leap Year
.038251 Leap Year
Less Than Full Bi-Weekly Period
Since the bi-weekly period of 14 calendar days contains 10 work days for most employees, computation of services of less than a full bi-weekly period on a calendar-day basis would result in many inequities. Therefore, payment for a salary less than a full bi-weekly period for State employees is computed on the basis of a work-day rate, which is determined by dividing the bi-weekly rate by 10. An exception is made for State Officers and SUNY Faculty.
21 Pay
Faculty paid in 21 pay periods
.047619 times your annual salary
26 Pay
Non-teaching professionals, Management Confidential, and faculty paid in 26 pay periods use the following payroll factor times their annual salary
.038356 Non-Leap Year
.038251 Leap Year
Part-time
Part-time employees must multiply the bi-weekly salary by their percentage of obligation (FTE)
Salary Deferral
Salary deferral factor is .034250 times your annual salary (applies to Management Confidential employees).
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