The College may provide pay advances to employees in cases of unanticipated financial emergencies or hardships. Pay advances are provided at the discretion of the College and are to be provided on a nonrecurring basis.
Human Resources will process pay advances twice per month:
- Advances will be made available on or around the 10th of the month if a request is made and approved by the 5th of the month (or the first workday after the 5th if the 5th is on weekend or a holiday).
- Advances will be made available on or around the 20th of the month if a request is made and approved by the 15th of the month (or the first workday after the 15th if the 15th is on weekend or a holiday).
Because of the need to individually process pay advance requests, the payment of advances might be delayed if a significant number of requests are received in a particular batch.
An employee can request and receive only one pay advance per month and no more than three advances per year. Salary advances are generally limited to 50% of an employee’s customary monthly net pay.
Employees requesting a pay advance are to use the application form provided by Human Resources. To receive a pay advance, an employee must enter into an agreement with the College agreeing to repay the advance and authorizing withholding of the advance from the next paycheck. Taxes will not be withheld on pay advances. Taxes, in addition to the advanced amount, will be withheld from the next paycheck.
(This amended policy is adopted June 1, 2020 on a temporary basis due to COVID-19.)