All University employees will receive the paycheck originally scheduled for Wednesday, June 30, 2010, on Thursday, July 1, 2010. This is a one-time occurrence. You are receiving this notice so you can make accommodations for this one-day change in the pay date. In particular, if you have set up auto pay to cover any bills, we ask that you plan accordingly and make adjustments with your bank, if needed. For those with Direct Deposit, the funds for that pay period will not be available until Thursday, July 1.
In communications from the U it was indicated that in fiscal year 2009-10 (FY10) there are 27 paydays instead of the usual 26. Anticipating that the budget shortfall for FY10 would be more significant than in FY11, the decision was made to move this extra pay date from Wednesday, June 30, 2010 to Thursday, July 1, 2010, thus moving the financial impact from FY10 to FY11.