“I can choose if I want to be paid bi-weekly or monthly.”FALSE: All newly hired non-exempt employees must be paid biweekly. All faculty and exempt employees must be paid monthly.
“Non-exempt employees are eligible for overtime pay.”TRUE: Eligible non-exempt employees who work more than 40 hours in a workweek will be provided with compensatory time, unless the campus or department practice provides monetary compensation. The University provides compensatory time at the rate of one and one-half hours for every hour over 40 worked in a workweek. Overtime pay is provided at the rate of one and one-half times an employee’s regular hourly rate of pay for every hour over 40 hours worked in one workweek. If an employee takes leave during a week in which they work, the leave hours do not count as worked. Refer to HR Policy HR0445 for more information.
“I get a longevity bonus each month after I’ve earned it.”FALSE: After 36 months of service, all regular employees working 82.05 percent time or more receive an annual payment of $100 for each year of service up to $3,000 for a maximum of 30 years. This annual payment is made in the first pay period following an eligible employee’s anniversary.
Tags: Pay, Quizzes
“Employees covered under Tennessee Consolidated Retirement System are the only ones who can use unused sick leave towards their retirement.”FALSE: There are eight different retirement plans that UT employees can participate in, and the optional retirement plan (ORP) and ORP hybrid are the only plans that do not allow a benefit for unused sick leave.