University working to resolve incident, get funds to employees
LEXINGTON, Ky. (Feb. 28, 2014) — University of Kentucky payroll officials are working to resolve an issue that arose today when the scheduled posting of bi-weekly paychecks did not occur for nearly 16,000 employees.
The university started receiving reports from concerned employees about 6 a.m., according to a statement from Eric N. Monday, executive vice president for finance and administration at the University of Kentucky.
“We are in communications with banks and financial institutions that serve our staff and student employees to ensure that the posting takes place as quickly as possible,” he said.
UK is working with the 860 different banks, credit unions and financial institutions across the state that UK employees use to “ensure the posting of scheduled payments occurs as quickly as possible,” Monday said.
For some UK employees, scheduled posting of their payment will occur by 4 p.m. today, but for others, scheduled posting may not occur until Monday night.
“We know that this issue poses a significant hardship for UK staff and student employees and we regret that it has occurred. The university will ensure that overdrafts, non-sufficient fund charges, and late fees will be covered,” Monday said.
For employees who need immediate financial assistance for this weekend, the university is establishing a call center and is in the process of printing pre-paid debit cards to address concerns and answer questions.
A special blog has been set up at uky.edu so that employees can get the latest information about their paychecks.