Year-End Payroll Dates and Holiday Shutdown/Time Recording

The Payroll Office will be closed from Monday, December 25, 2017 through Monday, January 1, 2018. It will reopen for business on Tuesday, January 2, 2018. Employees will be paid according to the following schedule:

Monthly Payroll: All employees paid on a monthly basis with direct deposit will have their accounts posted on Friday December 29, 2017.

Biweekly Payroll: All employees paid on a biweekly basis will be paid for the period of December 3, 2017 through Saturday, December 16, 2017 on Friday, December 22, 2017.

Holiday Shutdown/Time Recording
As Monday, December 25, 2017 and Monday, January 1, 2018 are national holidays, eligible non-exempt (hourly) employees who are required to work on December 25 or January 1 will be paid for the hours worked plus an additional ½ time for working on the holiday for a total of 1 ½ times their hourly pay rate.

December 26, 27, 28, and 29 are university holidays. Non-exempt (hourly) employees who are required to work on any of these days must record that time as hours worked on the timesheet.

Non-exempt employees will be paid at their regular hourly rate for work performed on December 26–29. Non-exempt and exempt employees, who work any days between December 26 and December 29 may take a floating holiday for each day worked with the approval of their supervisor, provided that the floating holiday is used by January 31, 2018.

Floating holidays not taken by January 31, 2018 will be forfeited. There will be no exceptions.

As a reminder, non-exempt employees must record all hours worked on the timesheet and any hours worked over 40 in the work week will be compensated at 1 ½ times the employee’s regular hourly rate.

If you have any Payroll questions, please call 312.567.3336 or contact us via email at payroll@iit.edu.