Note: Holidays subject to change, please check it often for updates. All calendars are PDFs.
This is a notification that the Biweekly December 12/11/19 pay day will not be a benefit deduction holiday.
In PPS, the standard process is to provide biweekly paid employees with a benefit deduction holiday on the 3rd pay period ending in any given month. Since in 2019 the January 9 and July 10 pay days were already processed as benefit holidays the calendar had resulted in biweekly deductions only being taken in 23 of the 26 scheduled/reportable biweekly pay cycles.
Please note that deductions for various Health & Welfare plans that have annual goal amounts are set up to be taken in 12 monthly or 24 biweekly installments. This necessitated that the December 11 benefit deduction holiday be removed. If the deduction holiday had remained it would have negatively affected Health FSA, Dependent Care FSA, Medical Insurance, Parking/Transit, , loans, and misc. deductions. All deductions would have been ½ month short for the year – 23 deductions instead of 24.