PMU, Prince Mohammad Bin Fahd University.

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Faculty & Staff Payments – Benefits & Other Allowances Policy


Name of Policy	Faculty & Staff Payments – Benefits & Other Allowances Policy	Policy Number	IV.A-9
Owners	Financial Affairs	Original Policy Date	28/11/2013
Cosigners	_______________________	Last Revised Date	_______________________
Other Related Regulatory Rules Laws & Policies	_______________________	Next Scheduled review Date	_______________________
Associated Procedures & Forms (Attachments)	_______________________	Versioning	_______________________
Associated Procedures & Forms (Attachments)	_______________________	Cycle of Reviews	_______________________

Purpose
This policy provides guidelines for the payment of faculty and staff approved benefits & other allowances.

Statement
The maximum amount of benefits and other allowances that can be added to the monthly payroll is limited up to SR 10,000.00 per employee. Benefits and other allowances more than the maximum amount stated will be processed separately and paid through checks or transfer to faculty/staff account. The faculty and staff approved benefits & other allowances include the following: Housing allowance advance for 6 months - not applicable for the 1st housing request when staff or faculty joined PMU. Additions to the payroll would only start on the 2nd request for housing allowance. 50% ticket encashment. Overtime/Overload payments. Reimbursements - Payment for new faculty visa processing or relocation allowance will be processed separately and be paid through checks or transfer to their account (See Relocation Expenses Policy). Other allowances.

Statement

The maximum amount of benefits and other allowances that can be added to the monthly payroll is limited up to SR 10,000.00 per employee. Benefits and other allowances more than the maximum amount stated will be processed separately and paid through checks or transfer to faculty/staff account.
The faculty and staff approved benefits & other allowances include the following:
1. Housing allowance advance for 6 months - not applicable for the 1st housing request when staff or faculty joined PMU. Additions to the payroll would only start on the 2nd request for housing allowance.
2. 50% ticket encashment.
3. Overtime/Overload payments.
4. Reimbursements - Payment for new faculty visa processing or relocation allowance will be processed separately and be paid through checks or transfer to their account (See Relocation Expenses Policy).
5. Other allowances.

Procedure

Procedure :

Request for payment with approval from the Director of Financial Affairs and PMU Rector will be included on the monthly payroll if it is received by the Payroll Section within the cut off period:

Employee Cut-off (per month)

Faculty 15^th

Staff 20^th
All requests for payment received after the cut-off date will be added to the following month’s payroll.