The accelerated Sept. 16 pay date will be the first of the academic year in which employees will see the full range of deductions withheld from their paychecks. This is an accelerated payday for the hours worked between Aug. 27 and Sept. 9.
For 10-month employees, deductions that will be withheld beginning Sept. 16 include:
- mandatory pension contributions (7.5 percent of salary)
- employee association dues
- pretax accounts, such as flexible spending and/or defined contribution plans [403(b) and/or 457(b)]
- health, dental and/or life insurance deductions
- charity campaign deductions
For 12-month employees, deductions not withheld in the summer months also will resume on Sept. 16 and include:
- mandatory pension retirement contributions (7.5 percent of salary)
- employee association dues
In addition to these benefit deductions, many employees will see imputed income for life insurance (shown as EXS Life on your pay advice). Learn more about EXS Life.
All employees will be paid again on Oct. 7 (three weeks after the Sept. 16 accelerated pay date) when pay dates will resume their regular biweekly schedule.
