Group 3 Information

CMU currently has eight categories of employees on different payroll periods and systems.  Therefore, the upcoming payroll change will affect each group differently.  Given this variety, you can see how standardizing employee pay across the institution will increase efficiency and reduce payroll processing time, which will save money and result in improved service.  It will also mean that employees are paid more frequently, that new employees may not have as long a delay before their first paycheck and that employees can see their current and correct leave balances through MAVzone.

Below is an explanation of how the change will affect you (and your group). You are in Group 3. 

You are currently paid on the last working day of the month for work performed the first through the last working day of the month.  Effective July 1, 2018, CMU will transition to a semi-monthly payroll.  Next year, you will continue to receive a monthly paycheck through July. On July 31, 2018, you will receive your last monthly check for the 1718 academic year. On August 31, 2018, you will receive pay for the period August 1-15 or about one-half of your monthly pay. The other half, for worked performed August 16 – 31, will be paid on September 14, 2018.   

Net Pay Estimate Worksheet

Insurance premiums are currently deducted in advance. For example, premiums deducted from your November paycheck are for your coverage in December. After the switch to semi-monthly paychecks, the premium deductions will be for the current month. For example, half of your premium for September 2018 will be deducted from your September 14 paycheck and half from your September 29 paycheck. Changing when insurance premiums are deducted for the insurance coverages listed below means the July pay (paid July 31, 2018) will cover August premiums and premiums will not be withheld on your August 31, 2018 paycheck.  If you have any of these insurance coverages, your net pay on August 31 will be more than one-half your monthly net pay as a result of this transition.  Please be assured that your coverage will continue uninterrupted. Deductions included in this change are:

Rocky Mountain Health

Delta Dental

Vision Care Direct

Optional Life Insurance   

Voluntary Short Term Disability

Colonial Insurance 

Cigna Insurance

John Hancock Long Term Care

 

Insurance Premiums Transition Examples 

We appreciate the complexity and impact of this change.  We encourage employees to consider and plan for the transition over the next several months.  

During the upcoming months, we will continue sharing information with you about the change and will be available to answer any questions you may have.  If you have questions or would like to request a one-on-one meeting please email payroll@coloradomesa.edu.