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We are paid biweekly on Fridays. Got a memo from HR yesterday saying that there are actually 27 pay periods in our contract this year, due to some calendar anomaly that occurs once every 11 years. So, gross pay is being divided by 27. My biweekly checks will actually go down a few dollars, compared to this year, even with the pay increase. The 27th pay will not have any medical deductions, something about the IRS and ACA requiring only 26 payments.
Is this happening to anyone else this year? I don't quite understand it, I suppose I should look at a calendar!
We have 10 and I don't think it's changing. The only minor change is we will start work August 21 (a week earlier than usual), and get paid the last workday of September which is the 29th.
Prince George's County in Maryland switched to a five pay summer from a four pay, which had been typical. The stated reason was the mandate to start school after Labor Day this year (and going forward).
The problem, which is typical for the dysfunction manifested in the Central Office, was they neglected to notify the people on the summer pay option it was happening until the last week of school. Then again, they only knew about the calendar change since June of 2016.
In other news, the Maryland State Retirement System changed the issue date for pension checks to the last day of the month from the last Friday of the month. But just for retired teachers.
Not a teacher but our job has this periodically where there is an extra pay period in the year because of how the calendar doesn't stay the same as it rotates.
We are paid biweekly on Fridays. Got a memo from HR yesterday saying that there are actually 27 pay periods in our contract this year, due to some calendar anomaly that occurs once every 11 years. So, gross pay is being divided by 27. My biweekly checks will actually go down a few dollars, compared to this year, even with the pay increase. The 27th pay will not have any medical deductions, something about the IRS and ACA requiring only 26 payments.
Is this happening to anyone else this year? I don't quite understand it, I suppose I should look at a calendar!
In a 365 day year, there are 52.14 weeks, or 26.07 pay periods. Those .07 pay periods add up to where every (should be 14) a 27th pay period occurs in the same year. Similar to leap year!
We have 24 pays a year (twice a month), but my husband is every other week. There have been times when he hasn't had to pay insurance and other deductions due to an extra pay, but I think it's been more often than every 11 years.
I didn't realize so many people were only paid monthly! Every district I have worked in (5), was always biweekly. Some give an option for lump sum pay over the summer, some don't.
I reread the email. It only occurs when September 1 is a Friday and the first payday of the contract year, which HR says is about every 11 years.
Yes, our 27th pay will have no medical deductions.
I guess going bimonthly would solve this problem, or monthly. But I don't think I would like monthly. I like things to be more constant and that would cause too much of a swing in my bank account for my liking.
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