The Human Resources and Payroll module of project BOOST launched in December 2012. The changes described below are related to this project.
As per the November 1, 2012, notice you received from Cherie Cryer and Nancy Eshleman, all exempt professional staff are moving from a monthly pay cycle to a bi-weekly pay cycle. That means that your gross earnings will change. Instead of receiving 1/12 of your annual salary once per month, you will receive 1/26 of your annual salary every other Friday beginning January 25, 2013 (with the first 13 paychecks being reduced for a one workday pay overlap as explained in the November 1, 2012, notice available from http://www.fandm.edu/humanresources/pay-practices).
PPO Health Plan $1,000 + HRA:
- $32.84/per pay - employee only
- $53.47/per pay - employee + 1 dependent
- $87.54/per pay - employee + 2 or more dependents
PPO Health Plan $300:
- $48.30/per pay - employee
- $78.62/per pay - employee + 1 dependent
- $128.83/per pay - employee + 2 or more dependents
- $12.13/per pay - employee only
- $21.22/per pay - employee + 1 dependent
- $31.71/per pay - employee + 2 or more dependent
As per Nancy Eshleman’s November 6, 2012, e-mail, if you did not request a special pay advance to be paid on January 11, 2013, your first bi-weekly paycheck for 2013 will be on January 25, 2013. You will receive 25 paychecks during 2013 instead of 26.
If you are enrolled in the College's health plan, dental plan, or Flexible Spending Accounts plan, your premiums and contributions will be "double-deducted" from your pay issued on January 25, so that you have the equivalent of 26 deductions during 2013. Because eligible full-time staff will have benefits coverage throughout the entire calendar year, we must take 26 deductions from your pay during 2013. These "double-deductions" will lower your net wages for your January 25 pay. Again, this only applies if you did not elect to receive a pay advance on January 11.
Additionally, if your January 25, 2013, paycheck is different from your December 21, 2012, paycheck, please check if any of the following items have occurred:
If there are differences between your December and January paychecks that you cannot explain after reviewing this information, please contact Denise Orrison in Payroll at 291-3928 or email her at email@example.com.