University of Colorado employees who are paid monthly will receive their June paycheck on Monday, July 3. There is no change for employees who are paid biweekly.
The shift from CU’s normal monthly payroll, completed at month’s end, stems from a state directive that delays all monthly paid state employees’ June pay to the first business day in July.
Monthly employees will be paid on the last day of July for the July pay cycle, as usual.
Why does June’s pay day fall on the first business day in July?
In 2003, Gov. Bill Owens signed into law Colorado Senate Bill 03-197, which delayed all monthly paid state employees’ June pay to the first business day in July. The change eliminated one of the state’s 12 monthly pay cycles during fiscal year 2002-03, and in turn saved the state $90 million in general fund expenditures, according to the Colorado Office of State Planning and Budgeting.