Benefit holiday coming for staff on biweekly payroll
No benefits deductions on the Dec. 29 check for those on biweekly payrollThe final biweekly check of the year, Dec. 29, 2017 is a benefit holiday for those persons who converted to biweekly payroll, since benefits deductions were calculated based on a semi-monthly schedule. The December 29 paycheck is the 25th payroll of the year.
This means that there will be no deductions for medical, dental, health savings account, flexible spending accounts or voluntary life insurance products on this check. All premiums for the year have been satisfied with the December 15, 2017 biweekly paycheck. Your Dec. 29 paycheck will be larger as a result of not having core benefit deductions.
All payroll taxes (Federal, State, Social Security, Medicare, and Disability) and retirement contributions are deducted from this final check of the year as required by law.
Beginning January 1, 2018 benefit premiums are deducted from all 26 paychecks for those persons who start 2018 on biweekly payroll. If you have additional questions, please contact employee_benefits@pacific.edu.