80 Ill. Adm. Code 310.60
Conversion of Base Salary to Pay Period Units
Section 310
Section 310.60Â Conversion of
Base Salary to Pay Period Units
For purposes of converting a
base salary to an amount applicable for one pay period, the following methods
of computation shall apply:
a)Â Â Â Â Â Â Â Â An annual base salary shall be divided by the number of pay
periods in one assigned year.
b)Â Â Â Â Â Â Â Â A monthly base salary shall be divided by two on a
semi-monthly payment schedule or shall be multiplied by twelve and the result
divided by the number of pay periods in a work year on a payment schedule other
than semi-monthly.
c)Â Â Â Â Â Â Â Â A weekly base salary shall be multiplied by 52 and the result
divided by the number of pay periods in a work year.
d)Â Â Â Â Â Â Â Â A daily base salary shall be multiplied by the number of days
actually worked in a pay period.
e)Â Â Â Â Â Â Â Â An hourly base salary shall be multiplied by the number of
hours actually worked in a pay period.