Subject |
CUNY Managerial Performance Based Bonus
|
Purpose |
To inform CUNY payroll staff of new PayServ code to use when submitting a Managerial Performance Based Bonus payment.
|
Affected Employees |
Classified Managerial employees (Grade 600, BU U2).
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Effective
Date(s) |
January 1, 2008. |
Background |
Managerial employees may be awarded a single lump sum bonus payment based on performance.
The existing Time Entry code for this payment was not adequate to identify the Time Entry transactions submitted by CUNY. |
Eligibility
Criteria |
At the discretion of the College, eligible employees may be awarded a single lump sum payment up to 7% of the employee’s base pay. Eligible employees must have a minimum of one year of service in a Classified Managerial position.
The annual award period is January 1 to May 15. |
OSC
Actions |
OSC has created a new Time Entry earn code to improve the identification and accuracy of this Time Entry transaction. |
Agency
Actions |
The newly created earn code CMB replaces the use of earn code ADJ for this payment.
Managerial Performance Based Bonus payments should be submitted on the Time Entry page as follows:
| Earnings Begin Date: |
Any date within award period |
| Earnings End Date: |
Same as Begin Date |
| Earn Code: |
CMB |
| Amount: |
Amount to be paid |
A copy of authorization Form 607B (supporting documentation for payment approval) must be forwarded to your OSC Payroll Auditor at the time of submission of the payment.
The agency should refer to CUNY Personnel Policy Bulletin 01-08 dated February 1, 2008 for information regarding this payment. |
Miscellaneous
Payment
Information |
The maximum amount allowed for the lump sum (performance bonus) payment is up to 7% of the employee’s base pay.
This lump sum payment is not added to the employee’s base pay, but is pensionable. |
Payroll
Register
and
Employee’s
PayCheck/Advice |
The earn code CMB and the payment amount will be displayed on the payroll register. The earnings description “CUNY Managerial Perf Bonus” and the amount will appear on the paycheck stub or direct deposit advice statement. |
Questions |
Questions regarding this bulletin may be directed to the University Manager of Payroll Systems and Operations at CUNY Central Office.
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