New policy, 'Distributing Payment to Payees,' approved

The policy on Distributing Payment to Payees  has been approved and is effective as of Nov. 12, 2024. Below are the highlights of the policy:

• Payroll payments must be distributed electronically. Hence, employees must select to receive payroll payments either by direct deposit into their bank account or a payroll card.
• Non-payroll payments (e.g., reimbursements) may be distributed electronically or manually. Employees are strongly encouraged to enroll in the same payment method they use to receive their payroll payment.
• Employees who receive an overpayment are to immediately report it to the head of Payroll Services. The University is required by law to recover any overpayment made to employees.
• Payees (employees and students) are responsible for ensuring their bank account information is kept up-to-date and the University has their correct mailing address for manual non-payments through Web4U