[ Connect with K105 ]
Posted: Tuesday, 04 March 2014 7:15AM

UK payroll issue 85 percent resolved

LEXINGTON, Ky. (AP) — Most of the University of Kentucky direct deposit payroll that didn't make it into bank accounts as scheduled Friday has now been posted.

The university says as of Monday afternoon, about 85 percent of employee pay had been posted, with the remainder expected to be posted by Monday night.

UK said last week that PNC Bank, which handles payroll posting, had an error that resulted in the problem.

Some financial institutions have offered to waive fees that resulted from the delay, and UK said it would reimburse employees for any overdraft, nonsufficient funds and late fees incurred. The university also provided a link to a letter from PNC for employees concerned about their credit scores.

The error affected about 16,000 full-time, part-time and temporary employees who are paid biweekly.

Filed Under :  
Topics : Labor
Social :
Locations : KentuckyLexington
Listen Live:
K105 Videos
K105 Photos
More Videos