Effective January 1, 2013, benefit deductions for pretax benefits (health, dental, and vision insurance and flexible spending accounts) are withheld from 24 pay dates per year versus the current deduction cycle of 26 times per year.
Staff employees who are paid biweekly 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.
In 2016 the dates of this benefit deduction holiday will be April 29 and September 16. We are making this change to help streamline payroll and business office processes to agree with our monthly billing cycles.