Earnings Calculation
To monitor your wages beginning October 1, 2009, you will need to compare your earnings with the allowable maximum income or your earnings cap for the current calendar year.
The following chart is comprised of the total number of days you can work and get paid. You do not get paid for vacation days or holidays. Any sick days taken are unpaid.
Step 1
Obtain your allowable earnings or earnings cap from the Retirement System by email at , or by fax at 1-919-508-5350. If emailing provide your address, social security number and your retirement system member ID, if you know it.
Step 2
Determine your monthly salary and local supplement by using the appropriate salary schedule and license rating.
Beginning October 1, you will become subject to the earnings cap. You can use the Teacher and Pupil Support Services Salary Schedule to find your monthly salary. Salary schedules may be found by clicking here.
The appropriate license rating may be obtained from previous check stubs.
Step 3
Determine the daily rate of pay by dividing your monthly salary and local supplement by 21.5 (the total number of days in a payroll period).
Step 4
Multiply the daily rate of pay by the number of days you can work in the payroll period to determine the monthly gross pay for a particular payroll period. Use the chart below for this calculation.
Step 5
Add your monthly gross salary totals, beginning with October 1, 2009, to calculate your annual salary for the calendar year.
Step 6
Compare your annual salary to your allowable earnings or earnings cap.
Earnings Calculation Example
Step 1
Emailing or faxing request to the Retirement System.
Earnings Cap for 2009 is $35,911.69.
Step 2
Using the appropriate salary schedule.
Monthly salary is $6957
Step 3
Determining the daily rate of pay by dividing $6957 by 21.5=$323.58.
Step 4
Determining monthly gross pay by multiplying the daily rate of pay by the number of days worked in a payroll period:
$323.58 x 20.5 = $6633.39
$323.58 x 18.5 = $5986.23
$323.58 x 3 = $970.74
Step 5
Determining the annual salary for 2009 by adding your monthly gross salary totals: $13,590.36
Step 6
Comparing your annual salary, $13,590.36 to your earnings cap, $35,911.69.
2009 Calendar Year-Payroll Periods
Period BeginPeriod EndNo. of Days Can Work
10/20/0911/18/09 (midday)20.5
11/18/09 (midday)12/17/0918.5
12/18/0912/22/09 3.0
2010 Calendar Year-Payroll Periods
Period BeginPeriod EndNo. of Days Can Work
01/04/1001/18/10 (midday)10.0
01/18/10 (midday)02/16/1021.0 02/17/10 03/18/10 (midday) 21.5 03/18/10 (midday) 04/16/10 18.5
04/17/1005/18/10 (midday)21.5
05/18/10 (midday)06/16/1018.5
07/23/09