- Why are we moving from a semi-monthly payroll to a bi-weekly payroll?
Consistency. You will receive a check every other Friday compared to a semi-monthly schedule when payday tends to vary.
- What hours will the new pay periods include?
The January 21st payroll will include hours from January 1st through January 16th.
All other payroll will be for a two-week period:
The February 4th payroll will include hours from January 17th through January 30th; the February 18th payroll will include hours from January 31st through February 13th etc.
80 hours per paycheck.
- Will my payroll deductions change?
Yes, the amounts we deduct for benefit premiums, garnishments, loans will change to reflect 26 paychecks instead of 24.
- What is the last day to submit timecard corrections or expenses?
Timecard corrections and expenses will be due the Monday before each payroll date.
- Will I need to make any changes to my direct deposit?
No. If you currently have your earnings sent to direct deposit, you do not have to make a change. If you don’t have direct deposit, please consider using the convenience of direct deposit and enroll now.
- Do I need to make changes to my taxes or withholdings?
If you have an additional tax amount deducted from your paycheck, that monthly amount will be calculated out to a yearly amount and then divided by 26 for a biweekly amount. If you do not want the current additional amount to be split in this manner, please submit a new W-4 Form using Paycom.
Changes to your tax withholdings are likely not necessary, unless you determine it would be appropriate given your specific situation. However, you may change your W-4 withholding at any time. Biweekly tax withholdings will continue to be based upon IRS guidelines
- Will my vacation accrual change?
Yes, the per pay period rate will be slightly lower since you are accruing over a 26 payroll checks instead of 24 checks per year. However your total annual vacation will not change.
- I have a 401k loan, will my payment amount change?
Yes, 401k loans will be re-amortized to reflect the new lower payment amount over a 26 pay period instead of 24 pay periods per year.
- What should I do to prepare for the conversion to bi-weekly pay?
You may need to adust your atuomatic online bill payment(s).
- If I have additional questions, who do I speak with?
You may contact a member of the GB Personnel team:
Ralph Rendon, Chief Personnel Officer (559) 480-3029
Elizabeth Backer, Personnel Manager (559) 643-2779
Denise Espinoza, Personnel Support Specialist (559) 480-3018