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Payroll Deduction Process for TSSU Members

2023-01-06 03:13| 来源: 网络整理| 查看: 265

Detailed instructions

You will have to set up the total amount of tuition and fees they want deducted from your pay over the course of the term.  You will be able to enter a deduction as a flat amount to be deducted from every payroll deposit or select a flat amount to be taken each pay but with a maximum amount to be deducted over the course of the term; once that amount has been reached, no further deductions will occur.  Please note: you will not be able to enter a total deduction and have the system split it out evenly.

At any point during the term, you can view total deductions to date on both your online pay advice statements and your tuition deduction enrolment web page. 

Adjustments can be made throughout the term if you want to increase or decrease the amounts deducted from each payroll deposit.  When you enrol for payroll deduction, and when any deduction amount changes are made, an email will be generated that confirms your enrolment, deduction amount per pay, and the total amount that will have been deducted as of the last pay of the term.

In accordance with the TSSU Collective Agreement, tuition is required to be paid in full by the final payroll deposit of the term, see Letter of Agreement between the Teaching Support Staff Union and Simon Fraser University (page 86). You will be subject to monthly interest at the rate of 2% on any balance outstanding after the final payroll deposit of the term. Accounts in bad financial standing will be sent to a collection agency.

Enrollment for following term

If you want to enroll for courses for the next term, you must pay off any outstanding balances in your student account before your enrollment date.

Late payments

Students on the payroll deduction plan will not incur monthly interest charges during the deduction period, however, students whose accounts are still outstanding after the last Payroll Deduction date of the term will be assessed monthly interest charges. 

NOTE: You will be subject to monthly interest charges at the rate of 2% on any outstanding balance of your account, for the period you don't make any payment through payroll deduction.

For example, if you start your deduction in January, stop it for February, and re-start in March, you will be charged interest for the month of February.

Another example would be if you start your deduction in the last month of the term. You can do that; however, interest will be charged for each month after tuition is due up until you start making payroll deductions.



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