Effective January 1, 2013 benefit deductions for pretax benefits (health, dental and vision insurance and flexible spending accounts) will be withheld from 24 pay dates per year versus the current deduction cycle of 26 times per year.
Staff employees who are paid biweekly will have benefit deductions withheld twice a month rather than every payroll period beginning January 1, 2013. Health, dental and vision insurance deductions will not be taken from the third paycheck of the month; these pay dates will be considered benefit deduction holidays.
Benefit Deduction Dates
In 2013 the dates of this benefit deduction holiday will be May 31 and November 27. We are making this change to help streamline payroll and business office processes to agree with our monthly billing cycles.
Questions Regarding Changes
Meetings have been scheduled for you to meet with Payroll if you have any questions regarding this change.
Ruby-Ann and Nancy will be available in the FPH lounge on Monday, November 12 from 11a.m.-2 p.m. and Wednesday, November 28 from 1:30-3 p.m.
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