SCT Banner Human Resources / Release Guide / 7.0

Appendix A Example of Annual Salary Calculation for CA-MISPremium Pay EarningsThe annual earnings from premium pay is calculated as follows:Premium Amount perHourAnnual PremiumAmount==[(Reg rate x % premium) + flat amount prem.]Shift premium per hour x hours per pay x pay factorIn the above example, applicable premium earnings are REG1 and REG2 which arecalculated as follows:REG1Premium Amount perHourAnnual PremiumAmount===[(20.00 x 0)+ 1]$1.00 x 80 x 12$960.00REG2Premium Amount perHourAnnual PremiumAmount===[(20.00 x 0)+ 1]$1.00 x 80 x 12$960.00Total Annual Premium Earnings = ($960 + $960) = $1920.00Annual Additional EarningsThe annual additional earnings for calculated as follows:Annual additional earning amount = Default Rate x Hours per Pay x Pay FactorIn the above example, applicable earnings are MIL and NRPMIL = .50 x 10 = 5 x 12 = $60NRP = 20 x 20 = 400 x 12 = $4800Therefore, Total annual additional earnings = $4860January 2005 Human Resources/Position Control Release 7.0Confidential Release Guide 339