Payroll deduction can be made on a monthly basis or as a one-time deduction.
If employee selects payroll deductions on a monthly basis, it will be spread over 9 months starting with the October 1st payroll and ending with the June 1st. For employee permit purchases after August 31st, payroll deductions well be adjusted so the final deduction is made on June 1st.
- If permit purchased on November 14th, there are only 7 months of payroll left (December 1st – June 1st), monthly payments will be spread over 7 months instead of 9.
Employee deductions can be made on a Pre-tax or Post-tax basis.
- Pre-tax Payroll deductions will take place before taxes are paid.
- Post-tax Payroll deductions will take place after taxes have been deducted.
Please refer to The Payroll website for more details about differences between Pre-tax and Post-tax options.
Refunds will not be issued to employees under the monthly payroll deduction option. If permit is returned between the 1st and the 15th day of the month, deductions will stop on their current month paycheck. If permit is returned between the 16th and the end of the month, deductions will stop on their next month’s paycheck.
The only time when an employee participating in payroll deduction can receive a refund is if their payment method is one time (full payment) by payroll deduction or credit card.
In the case of an exchange, monthly payroll deductions will be adjusted to reflect this change, and for the last deduction to be collected by June 1st.
New employees can start payroll deductions within 1 month of working for the University.
If an employee is separating from the University, and the last working day falls on, or between the 1st and the 15th of the month, we will be able to stop the last or next payroll deduction, if the permit is returned on or before the 15th of the month
If the last working day falls on, or between the 16th and the end of the month, and the employee returns the permit on or after the 16th, the employee will be deducted on their next paycheck, after that it will be stopped (in case of receiving more checks).
***Employee will be responsible to return their parking permit to our office in case of a separation. If no permit is returned we will not stop payroll deduction or give any refund if eligible.