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Finance and Administration

Employee Payments

Full time Faculty and staff are paid on a semimonthly basis. Pace University employees are compensated on a semimonthly basis on the business day closest to the 15th and the end of the month.

Full time staff hours are recorded and paid on a current basis. However, overtime is paid on a pay period lag for eligible employees. The Kronos time and attendance system captures and reports all time worked, leave taken, personal and sick days, etc. Reporting time accurately guarantee that your paycheck will be calculated accurately. 


Part Time Hourly Staff

Payment is based on a pay period lag. This means that any hours worked from the 1st to the 15th of a month will be paid on the business day closest to the end of the month. Any hours worked from the 16th to the end of the month will be paid on the business day closest to the 15th of the following month. 

If a part time hourly employee's begin date is 09-01-2019, and the database record is correctly set up on the system, the first issue date of the payment will be on 09-30-2019. 
 

The Kronos time and attendance system, captures and reports all time worked. Reporting time accurately and in a timely manner by the supervisors can guarantee the paycheck will be generated accurately. All hours worked need to be approved by an emplyoee's supervisor prior to the Kronos Approval Deadline (PDF) in order to generate payment. 


Medicare Staff

  • All PaceUniversity retired employees are compensated with Medicare-B payment on a monthly basis.
  • Medicare-B recipients are encouraged to elect the option of direct deposit.
  • Medicare-B checks are generated at month end and distributed by mail.
  • W2 tax forms are not issued for Medicare-B reimbursements.

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