Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
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.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.