Conversion of Base Salary to Daily or Hourly Equivalents

Section 310 Section 310.520  Conversion of Base Salary to Daily or Hourly Equivalents For purposes of determining the hourly or daily equivalent of a base salary, the following methods of computation shall apply: a)         Payment for Vacation and Overtime Credits − A daily (hourly) equivalent shall be determined by converting the base salary to an annual salary and dividing the result by the number of days (hours) usually worked in a year, according to the agency's normal work schedule as filed with the Department. b)         Payment for Fractional Part of a Specific Pay Period − In those instances in which an employee is to be compensated at a rate that represents a number of work days (hours) that is less than the actual number of work days (hours) in the pay period, the formula to be used is:  monthly rate divided by two equals pay period rate; pay period rate divided by days (hours) scheduled equals daily (hourly) rate; daily (hourly) rate multiplied by days (hours) worked equals gross amount earned. c)         Part-Time Work − Part-time employees whose base salary is other than an hourly or daily basis shall be paid on a daily rate basis which will be computed from annual rates of salary and the total number of work days in the year.