1. Late Start Hire
Annual Salary = $50,000
# Duty days for position = 274
# Duty days missed = 45
(determined by hire date and OPS Calendar)
50,000/274 = $182.48
Daily Rate of Pay =$182.48
$182.48 x 45 days missed = $8,211.60
$50,000.00 - $8,211.60 = $41,788.40 Adjusted Annual Salary
Divided by # of paychecks remaining in the contract/school year
$41,788.40/11 = $3798.95
Monthly stipend for remaining contract/school year = $3798.95
2. Early Resignation / Termination
Determine termination date
Calculate Adjusted Annual Salary
# of duty days to be paid (worked & benefits eligible) x Daily Rate of pay
Total salary due for the contract/school year
Less salary amounts already paid each payday.
Balance may equal a positive or negative amount.
Positive amounts paid to employee as final check
Negative amounts indicate the employee owes OPS, and then the overpayment letter is written and sent.