Payroll

BAINBRIDGE COLLEGE

Payroll Period

Each member of the teaching faculty is normally under an academic year contract of two semesters, while administrative officers and division chairs are appointed for the fiscal year.

Faculty members employed under an academic year appointment will receive 1/10 of their annual compensation on a pay date schedule established annually for the College. Faculty members under fiscal year contracts receive their salary in twelve monthly installments.

Direct Deposit

Direct deposit is available to Bainbridge College employees. An Authorization Agreement for Automatic Deposits must be completed with necessary requested information. Specific details are available upon request in the Business Office.

Payroll Deduction

• Federal and State Income Tax – The College is required to make deductions for Federal and State withholding taxes from each salary payment at the rate determined on the basis of the number of dependents claimed on the Federal Withholding Form (W-4) and the State Income Tax Exemption (G-4) respectively.

• Social Security – All faculty and staff members of Bainbridge College, who work at least 20 hours per week, are required to be covered by the provisions of the Federal Insurance Contribution Act (Social Security). Employees working less than 20 hours are covered under FICA/Medicare only. Employer and employee participate equally in contributions.

• Group Insurance Plan - Bainbridge College is self-insured through the University System of Georgia. The plan provides for life insurance, accidental death, dismemberments, surgical benefits, hospitalization, major medical benefits, and maternity benefits. The College participates in the cost of the health insurance coverage. This pertains to both employee and dependent coverage. Twenty-five thousand dollars of life insurance is provided for all full-time employees by the College. Additional life insurance is available at the employee’s expense. Dental insurance is also available at the employee’s expense. All group insurance premiums are covered under the University System 125 Plan which allows these premiums to be made with pre-tax dollars.

• Retirement Plans – All regular professional and administrative employees are covered by the Teachers Retirement System of Georgia. Faculty who are considered members of the Corps of Instruction and Administrative Officers with faculty status may choose between the Teachers Retirement System of Georgia and the Optional Retirement Plan. Eligible employees and the State of Georgia each contribute a percentage of the employee’s gross salary.

• Annuity Program – Institutions within the University System of Georgia are authorized to make available to their employees a non-forfeitable annuity contract under the provision of the Federal Internal Revenue Code. Such a contract allows a person to have a portion of his/her salary withheld each month and invested in an annuity plan which is tax-deferred. Valic has been approved for our annuity program. Details are available upon request in the Business Office.

• Flexible Spending Account Plan – Two additional tax savings benefits are available to you as an employee of Bainbridge College. They are the Health Care Flexible Spending Account and the Dependent Care Flexible Spending Account. These plans allow regular employees to pay for medical expenses and/or child care expenses with pre-tax dollars. Appropriate forms and details are available in the Business Office.
• Contributions – The College is a member of the State Charitable Contributions Plan. Payroll deductions may be made for United Way as well as other agencies approved by the State. You may sign up for this plan in the Business Office.