Taxes are withheld as if they were a one-time payment considering the exemption claimed and the salary level of the staff member. Wages include more than just the salaries paid to faculty and staff. These are the benefits that make taxation and reporting of compensation including W-2's such a complex subject. At this time the tuition waiver and scholarship programs are not considered taxable income. Severance Pay Only full-time administrative staff members terminated as part of a reduction in force are eligible for severance pay.
Severance pay is one month's pay plus any accrued, unused vacation.
It does not include holiday pay for holidays occurring after the last day of work. The Position Classification System 1. The university maintains a position classification system for all hourly and administrative staff positions. The system uses a statistical process to establish the relative rank order of positions by considering various duties, responsibilities and work qualifications. Positions are classified into a grade level between 10 and 20 that correspond to a salary range.