Error leaves University of Kentucky workers unpaid

Error leaves University of Kentucky workers unpaid

Error leaves University of Kentucky workers unpaid

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Associated Press

Posted on March 1, 2014 at 10:06 AM

Updated Saturday, Mar 1 at 5:48 PM

   LEXINGTON, Ky. (AP) -- More than 16,000 University of Kentucky employees may have been affected by a bank error that resulted in paychecks not being posted to bank accounts.
 
   The university scrambled Friday to resolve the problem and said some of the paychecks at least should be posted by the end of the day.

   Kentucky spokesman Jay Blanton posted a statement on theuniversity's website at 4 p.m. on Saturday from Eric N. Monday.

"Although we’ve been notified that some financial institutions will waive the fees associated with the payroll delay, not all financial institutions will do so," he said in the statement.

 "Please be assured that the University of Kentucky will reimburse employees for any overdraft, non-sufficient funds, and late fees incurred. On Monday we will begin processing reimbursement requests."

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

They have issued a letter that those affected and print if they feel their credit scores will be impacted by this delay in the payroll.

"However, if there are issues, you can print out and present the PNC Bank error letter at this link. Click here," read the statement.
 
   A message to employees Friday afternoon said prepaid debit cards would be issued for pay advances to be deducted from the next paycheck. The message also said PNC would cash a personal check up to $200 for those affected, and a university call center was set up to field questions.
 
   The university said in a news release that it would make sure overdrafts, nonsufficient fund charges and late fees are covered.

 

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