Percent of Pay is a calculation of one earnings row against the UC Monthly Salary.
Percent of Effort is a calculation of an earnings row against the total effort of the employee for the month. This value has a different calculation for restricted funds when the employee's UC Monthly Salary is greater than the prorated monthly cap rate for that fund. Note, Y-OTC (over the cap) rows do not bear effort, with that effort captured on the N-OTC (under the cap) amount. It should be noted that some earn codes are non-effort bearing.